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,

Samsung said in its third-quarter earnings report that it was making progress in its efforts to supply high-bandwidth memory chips to Nvidia, but it has not provided any updates since the. The ongoing delay appears to have put a big dent in its earnings, analysts told Reuters.