Jan 9, 11:00 PM

Samsung Forecasts Q4 2024 Profit Miss Amid AI Chip Supply Struggles for Nvidia as Nikkei Index Falls

Samsung Electronics has forecasted a profit miss for the fourth quarter of 2024, primarily due to challenges in supplying AI chips to Nvidia. This announcement comes amid high investor expectations for the company's performance in the AI sector. The preliminary figures indicate that Samsung's Q4 profit will fall significantly short of estimates, reflecting ongoing struggles in the semiconductor market. Additionally, Japan's Nikkei Stock Index closed lower as investors took profits, with chip-related shares contributing to the decline. The situation has been exacerbated by Yaskawa, a key player in Japan's earnings landscape, which has also cut its forecast due to the slump in the Korean chip market.

#Samsung Electronics #Nvidia #Samsung #Japan #Nikkei Stock Index #Yaskawa #Korean

Written with ChatGPT (GPT-4o mini).

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Samsung Forecasts Q4 2024 Profit Miss Amid AI Chip Supply Struggles for Nvidia as Nikkei Index Falls

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