2315 GMT - Samsung Electronics' recent share price pullback may reflect a technical correction despite market concerns about excess artificial-intelligence computing capacity, Citigroup's Peter Lee says. The analyst expects the South Korean tech giant's 2Q operating profit to reach 84 trillion won, supported by better-than-expected server DRAM pricing driven by strong demand for AI central processing units. Lee raises his 2026 operating profit forecast for Samsung to 401 trillion won from 334 trillion won. "We believe memory fundamentals are intact and server DRAM pricing has been outperforming on strong CPU demand," he says. Citi raises its 2026 ASP forecast for Samsung's mainstream server DRAM product, the 64GB DDR5 RDIMM, to $1,805 from $1,586. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 02, 2026 19:15 ET (23:15 GMT)
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