Samsung’s weaker than expected earnings underline investor concern that the company is falling further behind rival SK Hynix in the high-bandwidth memory chips used in AI hardware.

Samsung Electronics flagged weaker-than-expected profit for its final quarter of 2024, yet optimism around future high-performance memory sales boosted its stock by 3.4 per cent on Wednesday. In this morning’s report,

LAS VEGAS, Nevada -- Nvidia CEO Jensen Huang on Tuesday gave Samsung Electronics a vote of confidence as the South Korean tech company works to produce advanced memory chips used for artificial intelligence. The South Korean electronics group has been losing ground to domestic rival SK Hynix in AI memory chips known as high bandwidth memory (HBM).