Jenith
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Samsung Electronics' stock has been hammered over the past year as investor sentiment dampened, largely due to the struggles of the company's semiconductor sector. However, the stock now appears to have wind in its sails.
It has now crossed a 13-month high as investors pile into the company's shares once again on the back of expectations for increased profitability due to a rise in memory chip prices.
The shares of Samsung Electronics were traded above 80,000 won or $57.7 today for the first time in over a year, 13 months to be precise. Investors are hopeful that a steady rise in memory chip prices will help Samsung increase profitability.
Investors have also become more optimistic about the business prospects of Samsung's foundry. A recent $16.5 billion deal with Tesla has been well received, and there's expectation that it won't just open the door to more deals with other Elon Musk companies, but also with several different chip designers who require advanced chipmaking services.
Securities brokerages are cautiously optimistic about Samsung's prospects in the market, with many raising their price targets on the stock by another 10-20% over and above the recent 13-month high. Analysts expect that Samsung's Q3 2025 performance will surpass market expectations by a significant margin, with the company beating on both revenue and operating profit estimates.
The post Samsung stock hits 13-month high as investors expect better profits appeared first on imeisource.
It has now crossed a 13-month high as investors pile into the company's shares once again on the back of expectations for increased profitability due to a rise in memory chip prices.
Higher memory chips may lead to better profits
The shares of Samsung Electronics were traded above 80,000 won or $57.7 today for the first time in over a year, 13 months to be precise. Investors are hopeful that a steady rise in memory chip prices will help Samsung increase profitability.
Investors have also become more optimistic about the business prospects of Samsung's foundry. A recent $16.5 billion deal with Tesla has been well received, and there's expectation that it won't just open the door to more deals with other Elon Musk companies, but also with several different chip designers who require advanced chipmaking services.
Securities brokerages are cautiously optimistic about Samsung's prospects in the market, with many raising their price targets on the stock by another 10-20% over and above the recent 13-month high. Analysts expect that Samsung's Q3 2025 performance will surpass market expectations by a significant margin, with the company beating on both revenue and operating profit estimates.
The post Samsung stock hits 13-month high as investors expect better profits appeared first on imeisource.