Samsung’s sudden $122 billion wipeout shows the cost of sleeping on AI

Samsung Electronics Co. has seen a sharp drop in its market value, losing $122 billion. The company's struggles include lagging behind rivals in AI memory and chip manufacturing. Recent management reshuffles and investor sell-offs highlight concerns about Samsung's competitiveness in the evolving tech landscape. Samsung's promise of an overhaul to regain its edge faces skepticism from international investors.