Find XO: Samsung posts record-high profit but shares fall 10%; the market is looking at the next quarter, not the last one (ft.com)

- Samsung Electronics posted a preliminary record operating profit for Q2 nearly 19 times higher than a year ago, but its stock price fell 10% intraday, wiping out over $100 billion in market capitalization in a day. - The market was focusing on how much longer the AI investment boom will continue, rather than last quarter's profit. - If stock prices fell before data center orders declined, startups lower in the supply chain with stable sales will be the first to face a cooling investment phase.