Samsung Shares At Year Lows

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Samsung Shares At Year Lows

Samsung Electronics Shares At Multi-Year Lows

The share price of Samsung Electronics hit a new low on Wednesday. Right now, the tech stock is sitting at 4-year lows on the worries of Trump tariff hikes.

look at the other tech stocks, such as Nvidia and TSMC, shows that Samsung Electronics is in a worse position. It also lags behind other tech companies when it comes to catching the demand for AI chips.

60% Tariff On Chinese Goods

One of the biggest blows for Samsung is Trump's plan to put tariffs on Chinese imports. Given that the Samsung relies heavily on the Chinese customers, it is bad news for the Samsung Electronics.

The plan says that Trump will put a 60% tariff on Chinese goods. The rest of the world will also receive a 10% tariff, which will impact the demand for foreign electronic products in the USA.

Just a week ago, the South Korean president raised concerns that it would harm the Korean chips that are overseas. Meanwhile, it could force the Chinese companies to lower their export prices.

Right now, Samsung Electronics shares are down by 34% in 2024 alone. At the same time, there's no end in sight, which makes it one of the worst performances in 20 years. Meanwhile, Nvidia shares are up by 199%, and SK Hynix has also gained 32% in 2024.

The shares of Samsung are down for the 4th session in a row, with a 2.1% decline as of late. Now, it remains to be seen whether Trump will actually impose the tariffs or if it was just an election tactic.

higher tariff from the USA will severely impact the demand for foreign products/services in the USA. This will not be good news for tech companies such as Samsung Electronics, which has a big market in the USA.

What's more troubling is that the Samsung's share in the AI chips market is also not as impressive as the other companies.

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