Samsung’s Shares Wobble After Failing to Wow AI-Manic Investors

Samsung Electronics Co. reported its biggest quarterly profit in more than three years in a sign of healthy AI chip demand, though investors hoping for outsized numbers cashed in some of the company’s recent stock market gains.

Its shares slid as much as 2.1% in Seoul, reversing strong early advances. That’s after Samsung reported a better-than-projected 32% rise in operating income to 12.1 trillion won ($8.5 billion) for the September quarter, while revenue rose about 9%.