Samsung posts record profit but shares fall on oversupply fears

In early July 2026, Samsung Electronics reported a record operating profit for the second quarter, driven by soaring demand for AI chips. Profits jumped roughly 1,800% compared to the same period last year, marking the company's highest-ever quarterly earnings.

Despite the record profit, Samsung's stock fell about 6.9% as investors worried about a potential oversupply of memory chips. The mixed reaction also dragged down Nasdaq futures, reflecting broader market jitters about the chip industry's outlook.