Citi Analyst Peter Lee: Samsung Share Pullback Likely Technical; Q2 Operating Profit Seen at KRW 8.4 Trillion

Citi analyst Peter Lee said Samsung Electronics' recent share-price pullback may reflect a technical correction, despite market concerns about an oversupply of AI computing capacity. Lee forecast that strong demand for AI central processing units (CPUs) will lift server DRAM prices above expectations, supporting Samsung's second-quarter operating profit at KRW 8.4 trillion, according to 36Kr.