--- title: "Samsung's profits surpass Nvidia amid World Cup red card controversy \"getting worse\" | Global Market" type: "News" locale: "en" url: "https://longbridge.com/en/news/291856197.md" description: "Samsung Electronics released its second-quarter earnings forecast, with operating profit reaching 89.4 trillion won, a significant year-on-year increase. A horizontal comparison shows that its profit level has surpassed Nvidia's last fiscal quarter, and if the storage price increase cycle continues, it may completely overtake in the third quarter of this year. Meanwhile, the AI concept sector in the U.S. stock market rebounded collectively, with the Dow Jones Industrial Average hitting a new high; in terms of commodities, U.S. agricultural futures surged due to weather warnings, while international oil prices fluctuated little" datetime: "2026-07-07T00:25:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291856197.md) - [en](https://longbridge.com/en/news/291856197.md) - [zh-HK](https://longbridge.com/zh-HK/news/291856197.md) --- # Samsung's profits surpass Nvidia amid World Cup red card controversy "getting worse" | Global Market **Financial Associated Press, July 7 (Editor: Shi Zhengcheng)** Last night and this morning, the US stock market switched back to AI trading mode, with sectors related to "AI trading" such as hard drives, optical communications, and photolithography machines, which saw significant pullbacks last week, collectively rebounding, and the Dow Jones Industrial Average hitting a new historical high. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/Oo3xUaYb2lQnIlRfotf-U55okqVVRFfBurK-jVGRteGoUAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) As for how long the latest round of capital inflow into "AI trading" can last, it largely depends on the performance of the South Korean stock market today. In the early morning of Tuesday Beijing time, **Samsung Electronics, one of the "Storage Seven Kings," released its second-quarter earnings forecast, with operating profit reaching 89.4 trillion Korean won, equivalent to 39.71 billion yuan or over 58 billion US dollars.** For reference, Samsung's operating profit in the first quarter of this year was 57.23 trillion Korean won (374 billion US dollars), and last year's second-quarter operating profit was 4.68 trillion Korean won, which is a 19-fold increase year-on-year. Whether this performance can please the increasingly picky tech stock investors will depend on today's market feedback. However, in a horizontal comparison, as a key supplier to computing giant NVIDIA, Samsung Electronics' earnings have already surpassed NVIDIA's last quarter's level, which can indeed be claimed as the " **most profitable listed company in the world**." NVIDIA's first-quarter report released in May (note: the reporting period ended on April 26) showed that the company achieved 81.6 billion US dollars in revenue and 53.5 billion in operating profit, with a quarter-on-quarter growth rate of about 20%. It should be noted that according to NVIDIA's second-quarter guidance (91 billion US dollars in revenue and 75% gross margin), NVIDIA's profit data for the fiscal quarter ending in July is likely to still be higher than Samsung's second-quarter report. However, if the "storage price increase cycle" continues, it is possible that Samsung's profits could completely surpass NVIDIA's in the third quarter of this year. In terms of commodities, US agricultural futures surged collectively due to warnings of hot weather. International oil prices fluctuated little, and US President Trump stated last weekend that the US would refrain from attacks during the funeral ceremony of Iran's late Supreme Leader Ali Khamenei, and negotiations between the two sides would also be postponed. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OINHP1RWoiit9zhTqLGRpl3GPYA5WZDAUP0YOtNil7H2AAA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **Other News** **\[World Cup Red Card Controversy "Getting Worse"\]** Regarding the "special approval" for the host country's top scorer Folarin Balogun to play in the quarter-finals against Belgium on Tuesday morning Beijing time after being sent off with a red card in the previous match, FIFA President Gianni Infantino issued a statement emphasizing that he did indeed receive a call from US President Trump, but this decision was made independently and autonomously by FIFA's judicial body. However, FIFA has remained silent on the considerations behind such a rare decision. The Belgian Football Association issued a statement on Monday stating that without providing any information, FIFA regarded the letter from Belgium inquiring about the decision as an "appeal" and quickly made the decision that "Belgium has no right to appeal." **【Trump says he will help the Dell family "make back the donation money"】** To promote Trump's American Child Tax Advantage Investment Project "Trump Account," the opening bell ceremony at the New York Stock Exchange and NASDAQ was unprecedentedly moved to the Oval Office at the White House. The Dell family, which responded to Trump's call by donating over $6 billion, was also present at the event. During the event on Monday, Trump again publicly urged everyone to "buy Dell computers," expressing his hope to help the Dell family make back the money invested in the "Trump Account." Following this news, Dell Technologies saw its stock rise over 8% at one point after opening, ultimately closing up 4.43%. **【SK Hynix updates US IPO prospectus】** On Monday local time, memory super stock SK Hynix submitted a revised prospectus to the U.S. Securities and Exchange Commission. The document confirmed that SK Hynix will issue 17,790,000 shares of common stock corresponding to American Depositary Shares (ADS), with each share of common stock corresponding to 10 ADS, totaling 177,900,000 ADS. The company will trade on NASDAQ under the ticker "SKHY." **【Broadcom and Apple extend chip cooperation agreement to 2031】** Broadcom announced on Monday that it has reached an agreement with Apple to extend their partnership until 2031, continuing the development and supply of custom chips (ASIC). **【Microsoft to lay off 4,800 employees; Xbox department hit hard】** Microsoft announced on Monday that it will cut 4,800 jobs, approximately 2.1% of the company's global workforce, with the Xbox gaming division set to reduce about one-fifth of its staff. As part of the restructuring plan announced on Monday, Microsoft also stated that it will sell or spin off four game development studios and is evaluating strategic options for a fifth studio. **【Shipping giants Maersk and Hapag-Lloyd restart Suez Canal routes】** International shipping giants Maersk and Hapag-Lloyd announced on Monday that they will resume some Suez Canal route services under their jointly operated Gemini shipping network. Due to market concerns that this move may depress global shipping rates, both companies' stock prices fell on the same day. 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