Samsung hits $1tn valuation then loses $110bn in days
Samsung became Korea's first trillion-dollar company on February 26, briefly ranking 12th globally before shedding $110 billion in market value within days of the milestone. The surge to 218,000 KRW per share was driven by AI chip demand and analysts predicting 10x profit growth by 2028, but the rapid retreat exposes the volatility beneath AI infrastructure bets. Samsung's foundry secured Apple and Tesla deals for 2nm processes while leading high-bandwidth memory for AI servers, yet remains half TSMC's valuation despite similar positioning. The collapse highlights how quickly AI momentum can reverse when expectations meet reality.
Sources
- Samsung's golden memory era: Why analysts see a trillion-dollar future — Investing.com
- Samsung trillion dollar milestone drop — Sammy Guru
How Briefed reports and verifies storiesReport a correction
The market, before the open.
Briefed Daily connects the morning’s business and economic news to what matters in markets.