Samsung stock signals bottom for global semiconductor market

Jamie McKane

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Samsung stock signals bottom for global semiconductor market

Investors have grown increasingly bullish on Samsung Electronics Co. ahead of its Tuesday results report, betting that the global memory-chip cycle is near a bottom.

The company’s shares have rallied 24% this year, overcoming three straight quarters of disappointing earnings and delayed shareholder return improvement on hopes for an end to the years-long semiconductor downcycle.

[Bloomberg]
 
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