Samsung Electronics' preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia .

Samsung Electronics (OTCPK:SSNLF) released an operating profit estimate of about 6.5T won (around $4.47B) for the fourth quarter of 2024, which was seen below analysts' estimates. Shares of the company rose about 3% on the Korea Exchange on Wednesday.

Samsung Electronics reported an operating profit of approximately 6.5 trillion won ($4.4 billion) for the fourth quarter of 2024, significantly below analysts’ earlier projections of $5.8 billion. This marks a steep decline from the $8.