Samsung Stock Surges Over 5% on Nvidia’s Interest in Its High-Bandwidth Memory Chips
Samsung Electronics experiences a significant stock surge following reports of Nvidia’s interest in its new-generation high-bandwidth memory (HBM) chips. Nvidia CEO Jensen Huang expressed admiration for Samsung’s technology during a media briefing, signaling potential collaboration. While Nvidia tests Samsung’s HBM chips, the qualification process does not guarantee procurement. The news comes amidst SK Hynix’s announcement of supplying HBM chips to Nvidia’s rivals, leading to a decline in SK Hynix’s stock. Samsung anticipates substantial revenue from advanced chip-packaging products in 2024. (CNBC)
