Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently.

Samsung's challenges bringing HBM3e to market have been a boon for rival SK Hynix, which has become Nvidia's primary supplier of the memory. Micron has also managed to seize the moment with its 12-high HBM3e stacks slated for use in Nvidia's upcoming Blackwell Ultra B300 and GB300 accelerators.

Samsung Electronics is anticipated to report a 39% decline in second-quarter operating profit, primarily due to delays in supplying advanced memory chips to AI chip leader Nvidia.

Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia .

The South Korean tech giant attributed its disappointing results to a combination of US export restrictions on advanced artificial intelligence chips bound for China and ongoing

According to the smart estimates, Samsung was expected to post an operating profit of 6.26 trillion won ($4.57 billion) for the quarter.

Samsung Electronics on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant's ability to revive its struggling semiconductor business.

Samsung Electronics Co.’s profit fell for the first time since 2023, reflecting the deepening market share losses clouding the memory chipmaker’s prospects in the AI era.The company reported a sharper-than-anticipated 56% plummet in operating income for the June quarter,

Analysts have said that Samsung has been declining, losing out to competitors because of factors other than the US export restrictions.

US chip curbs and HBM3E delays dent profit forecast Samsung Electronics stunned markets by forecasting a 56 per cent plunge in second‑quarter operating profit to Won 4.6 trn (€3.3 bn, which is its weakest performance in six quarters.

Micron Technology is gaining ground at the expense of Samsung as the two companies compete to sell memory chips to AI processor giant Nvidia.