Jenith
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The last twelve months have been quite the rollercoaster for investors in Samsung Electronics. The company's stock price was posting multi-year lows as investor confidence dampened due to several factors.
That sentiment has turned around spectacularly, and Samsung Electronics stock is now on track to hit new record highs, as investors become optimistic about the company's potential to capitalize on the AI and chip boom.
The lack of any significant orders for advanced chip manufacturing, decline in average selling price for legacy memory products, lag in approval of HBM3E memory from NVIDIA, and other factors had investors feeling bearing on the company's stock.
However, the sentiment has completely turned around over the past couple of months, after some notable developments. The average selling price for legacy memory products has inched up, Samsung has signed a $16.5 billion deal with Tesla for AI chipmaking, it has inked new deals with OpenAI, and may finally have won approval for its HBM3E chips from NVIDIA.
Samsung Electronics' stock hit a 13-month high just last month and is now on track to hit an all-time high. The company's stock price closed at 94,400 won (~$66) this past trading day, representing a total increase of 76% just this year alone.
The recent uptick has been attributed to reports that NVIDIA has given approval to Samsung's high-bandwidth memory modules and will install them on its latest GB300 AI accelerator.
This deal would be significantly for the company's semiconductor division and would pave the way for Samsung to take a more bigger role in NVIDIA's supply chain for high-bandwidth memory.
The post Samsung eyes record high as AI and chip trends fuel its fire appeared first on imeisource.
That sentiment has turned around spectacularly, and Samsung Electronics stock is now on track to hit new record highs, as investors become optimistic about the company's potential to capitalize on the AI and chip boom.
Investors have become fond of Samsung's stock
The lack of any significant orders for advanced chip manufacturing, decline in average selling price for legacy memory products, lag in approval of HBM3E memory from NVIDIA, and other factors had investors feeling bearing on the company's stock.
However, the sentiment has completely turned around over the past couple of months, after some notable developments. The average selling price for legacy memory products has inched up, Samsung has signed a $16.5 billion deal with Tesla for AI chipmaking, it has inked new deals with OpenAI, and may finally have won approval for its HBM3E chips from NVIDIA.
Samsung Electronics' stock hit a 13-month high just last month and is now on track to hit an all-time high. The company's stock price closed at 94,400 won (~$66) this past trading day, representing a total increase of 76% just this year alone.
The recent uptick has been attributed to reports that NVIDIA has given approval to Samsung's high-bandwidth memory modules and will install them on its latest GB300 AI accelerator.
This deal would be significantly for the company's semiconductor division and would pave the way for Samsung to take a more bigger role in NVIDIA's supply chain for high-bandwidth memory.
The post Samsung eyes record high as AI and chip trends fuel its fire appeared first on imeisource.