Samsung Shares Jump After Profit Gets Boost From New Galaxy S25
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Samsung Electronics Co. shares jumped after its quarterly profit handily beat expectations on Galaxy S25 smartphone and legacy DRAM sales, easing concerns about the company’s ability to weather both US tariffs and chip export curbs.
South Korea’s largest company was helped by inventory stockpiling by Chinese retailers and manufacturers who hurried to secure electronic supplies in the March quarter before US President Donald Trump unleashed tariffs against trading partners. Demand for servers using the company’s high-density DRAM also bolstered profit, although the outlook for both smartphones and AI components has become murkier over the last week.