Latest news and articles about technology markets from NEX English
Samsung Electronics is set to achieve a record operating profit of <strong>40.5 trillion won</strong> (approximately <strong>$26.9 billion</strong>) in the first quarter of the year, primarily due to rising memory chip prices fueled by advancements in artificial intelligence.
Recent research indicates that artificial intelligence data centers will require significantly less memory than previously anticipated, resulting in a staggering loss of <strong>$100 billion</strong> in the value of memory chip manufacturers' stocks. This decline comes amidst increasing demand for AI technologies, but new forecasts suggest prior investments were based on inaccurate assumptions.
Bank of America reassures investors that recent advancements by Google in memory efficiency should not cause concern. This comes as Micron's shares experience a notable recovery following market panic.