"Samsung Surges on Nvidia's AI Chip Support"

1 min read
Source: Yahoo Finance
"Samsung Surges on Nvidia's AI Chip Support"
Photo: Yahoo Finance
TL;DR Summary

Samsung's stock surged after reports that Nvidia is considering buying its high-bandwidth memory chips, potentially closing the gap with rival SK Hynix in the AI semiconductor field. Samsung aims to lead the global chip market within two to three years and expects its chip business to recover to 2022 levels this year. Nvidia's endorsement of Samsung as an HBM supplier has boosted investor confidence, with expectations that Samsung will qualify for supplying HBM3E to Nvidia's latest chips. Both Samsung and SK Hynix are investing in capacity and technology to secure their positions in the memory chip market.

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