Samsung Electronics experienced a surge in stock prices following the announcement of better-than-expected profit projections for the second quarter, driven by high demand for artificial intelligence technology. The company's operating profit is expected to reach an impressive 10.4 trillion won, a staggering increase from the previous year. This news resulted in shares climbing to their highest level since January 2021, reaching 86,500 Korean won. Samsung attributes this success to the rebounding memory chip prices and increased demand for consumer devices integrating their chips. The company's revenue for the second quarter is anticipated to be between 73 trillion to 75 trillion won, further solidifying their optimistic outlook for the future. This positive development marks a significant turnaround for Samsung after facing substantial losses in 2023 due to a decline in demand following the Covid-19 pandemic.