Samsung stock price jumps nearly 5% after Q1 profit seen jumping 8-fold on AI chip boom

Samsung Electronics stock price jumped nearly 5% on Tuesday after the South Korean technology giant projected its first-quarter earnings would exceed its entire profit for last year, beating expectations.

Samsung shares rallied as much as 4.86% to a high of 202,500 won during the session, as compared to its previous close of 193,100 won, before paring some of its gains.