{"id":89864,"date":"2024-11-08T00:11:04","date_gmt":"2024-11-08T05:11:04","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89864"},"modified":"2024-11-08T01:08:37","modified_gmt":"2024-11-08T06:08:37","slug":"how-samsung-fell-behind-in-the-ai-boom-leading-to-a-126-billion-wipeout","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2024\/how-samsung-fell-behind-in-the-ai-boom-leading-to-a-126-billion-wipeout.html","title":{"rendered":"How Samsung fell behind in the AI boom leading to a $126 billion wipeout"},"content":{"rendered":"\n<p>(CNBC) The South Korea electronics giant has fallen behind its long-time rival SK Hynix in next-generation chips that have been key component for AI silicon leader\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\">Nvidia<\/a>. The result? Samsung\u2019s profit has plunged, around <strong>$126 billion <\/strong>has been wiped off its market value, according to data from S&amp;P Capital IQ, and an executive\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/10\/08\/samsung-issues-lengthy-apology-after-results-read-the-statement.html\">issued a rare public apology<\/a>\u00a0about the company\u2019s recent financial performance.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/08\/how-samsung-fell-behind-in-the-ai-boom-behind-rival-sk-hynix.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The South Korea electronics giant has fallen behind its long-time rival SK Hynix in next-generation chips that have been key component for AI silicon leader\u00a0Nvidia. The result? Samsung\u2019s profit has plunged, around $126 billion has been wiped off its [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89864","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89864"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89864\/revisions"}],"predecessor-version":[{"id":89865,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89864\/revisions\/89865"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}