Exclusive News: Samsung Electronics to Meet with FOMC Amid Rising Indication of AI Demand from AMD, Amazon and Super Micro

Quick Summary:

The AI phone from Samsung Electronics Co Ltd (OTC: SSNLF) is proving popular. Apple Inc (NASDAQ: AAPL) has lagged behind in AI. Institutions continue to sell AAPL stock. According to a just released report, Samsung has now taken over Apple as the largest provider of smart phones.

Lower bonds mean higher yields. Higher yields mean lower PE ratios. Lower PE ratios mean lower stock prices, unless earnings rise.

There are three notable earnings that investors should pay attention to: Samsung has quadrupled its net profit due to demand from artificial intelligence. Its high bandwidth memory is flying off the shelves. Revenues for the quarter rose 13%.

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Author / Journalist: The Arora Report

Category: Technology

Markets: United States

Topics: TLT Gold US0079031078 US4642874329 SMCI Benzinga US73935A1043 Commodities Markets Tech US5324571083 US38259P7069 US46428Q1094 META SSNLF Contributors AMD US86800U1043 NXPI AAPL US5949181045 US67066G1040 QQQ LLY NL0009538784 US78463V1070 Cryptocurrency GOOG AMZN US0231351067 SLV Magnificent Seven TSLA US0378331005 AI General $BTC US91232N1081 GLD MSFT FOMC Meeting USO Expert Ideas US88160R1014 NVDA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-30 @ 15:19:41 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 741 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20840465

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

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News Last Updated: 9 hours ago

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