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Samsung Electronics Drops 6.25% to 277,500 Won on July 8 Despite 89.4T Won Q2 Profit

2026-07-08 09:08:00

According to Seoul Economic Daily, Samsung Electronics dropped 6.25% to 277,500 Korean won on July 8 after reporting Q2 operating profit of 89.4 trillion won, surpassing Nvidia in market capitalization; however, analysts remained divided on the outlook. KB Securities raised its target price to 600,000 won from 530,000, citing sustained AI memory demand and supply constraints through mid-2028. Conversely, Kiwoom Securities cut its target to 390,000 won from 430,000, citing concerns over H2 EPS growth deceleration and Chinese chipmaker competition expansion.

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