Samsung Electronics shares rose 1.7% in premarket trading.

Samsung Electronics shares rose 1.7% in premarket trading after the company released its third-quarter earnings guidance. South Korea's Samsung Electronics estimated on Thursday that third-quarter operating profit will surge nearly eightfold from a year earlier, beating analyst expectations, mainly driven by strong profitability in its memory business amid surging demand for AI chips. A regulatory filing showed that Samsung Electronics estimated operating profit for July to September at 107.4 trillion won.