Samsung's Q2 operating profit rose 19-fold YoY, driven by AI data-center
build-out pushing DRAM/NAND demand; core storage capacity remains effectively
tight, supporting concurrent volume and price gains. Markets sold off despite
the strong numbers as investors fear a future supply glut and demand peak. Key
risks: prior industry-wide capacity expansion could trigger oversupply if US
tech firms curb AI infra capex; alternatively, labour shortages and power
constraints could stall data-center builds and cut hardware demand. The prospect
of looming overcapacity and fading pricing power prompted profit-taking and the
stock pullback.
