Samsung Electronics announced a 15-fold rise in operating profit for the second quarter, reaching 10.4 trillion won ($7.5 billion). The adoption of AI is the main cause of this spike in demand for memory chips. Revenues overall increased by 23% to 74 trillion won ($53 billion). The company credits robust sales of OLED panels, improved average sales prices, and favorable market conditions for its success. As investments in AI continue to grow, Samsung anticipates that its AI servers will acquire market share.