Samsung Electronics , the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips.

"In light of the preliminary Q4 2024 results significantly falling short of market expectations, we aim to mitigate confusion among the market and investors until the final results are announced," Samsung's management said in an explanation page.

Samsung Electronics said today that it’s likely to miss expectations on fourth-quarter profit by a wide margin, as analysts blamed the miss on the poor performance of its high-end memory chips for artificial intelligence accelerators.

Samsung Electronics is expected to report a slowdown in profit growth for the fourth quarter, reflecting challenges in meeting Nvidia’s surging demand for AI chips. Analysts predict Samsung’s operating profit for the period will reach 8.