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Samsung loses $122 billion market value in 4 months
short by Pragya Swastik / on Thursday, 31 October, 2024
Samsung's shares have tanked 32% from this year's July 9 peak, resulting in a $122-billion loss in Samsung's market value in four months, Bloomberg reported. Samsung shares are falling amid concerns it's losing out to smaller rival SK Hynix in AI memory chips. There are also concerns Samsung is failing to gain on Taiwan Semiconductor Manufacturing Company in outsourced chipmaking.
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