Samsung Electronics shares plunge 8% on disappointing shareholder-return plan

Published Aug 24, 05:10 AM UTC

Samsung Electronics shares dropped over 8% in early trading after the company unveiled a record $79 billion shareholder-return plan. The plan, while the largest in the company's history, disappointed investors who had anticipated a larger distribution of Samsung's profits from the artificial intelligence boom. Investors also sought greater clarity on the specifics of share buybacks. The market reaction reflects high expectations for Samsung to capitalize on its AI-related cash windfalls and provide more transparent capital allocation policies.