Analysts: Samsung's better-than-expected financial results have already been priced in, as investors worry about the sustainability of its AI business.

Today, Samsung Electronics released a better-than-expected earnings preview: its operating profit surged over 1,800% year-on-year, with quarterly earnings surpassing the sum of the past three years. Meanwhile, its revenue rose 129% year-on-year to 171 trillion won. However, investors were unimpressed; after South Korea’s stock market opened, Samsung Electronics’ shares tumbled, hitting a maximum drop of 8%. Analysts attributed Samsung’s weak stock performance to overly high market expectations: after accounting for employee bonus provisions, the profit driven by record-high memory chip prices could have exceeded 90 trillion won. Additionally, the market is concerned that AI data center construction may slow down. Albert Yong, managing partner at Petra Capital Management, said: "Samsung’s strong performance was already widely anticipated by the market and largely priced in during the pre-earnings stock rally. Investors remain worried about the sustainability of the AI boom and the risk of a slowdown in AI infrastructure spending by major U.S. tech companies."