Samsung Shares Turn Higher

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Samsung Shares Turn Higher

Samsung Shares Up By 4.6% On Ai Memory Chips Tests

Samsung Electronics Co Ltd shares jumped higher on Wednesday after news that Nvidia is testing Samsung's AI memory chips.

Considering how Nvidia is all the buzz these days in terms of AI and chips, it is a big development for Samsung. In fact, this will allow Samsung to also attract investments from the AI sector.

According to Nvidia co-founder, they are qualifying and testing the HBM chips from Samsung. So, there's a chance that these AI chips could be used in different products in the near future.

Samsung Enters The Ai Chips Market

After the report, the shares of Samsung Electronics went up by 4.6% and touched multi-month highs. As for the stock's trading price, it is nearly 76,200 won, which is pretty impressive. In fact, the jump in the Samsung shares was a lot higher than the KOSPI index's 1% advance.

While Samsung enjoyed a good day in the stock market, SK Hynix Inc shares declined as it is a major rival of Samsung. For now, SK Hynix Inc. is regarded as the only producer who is making the HBM3E chips. Samsung has also entered the market, which means there is some tough competition for SK Hynix Inc.

According to SK Hynix Inc, their chips will be used in the Blackwell of Nvidia as well, which means they are still very relevant in the market.

In the realm of AI development, one of the hottest topics these days is the HBM chips due to their heavy memory, fast processing speeds, & various other benefits.

The news that Samsung is also developing the famous HBM3E chips is a sign that they are now playing catch up with the SK Hynix.

In the tech sector, the one particular area that is receiving the most investments and the trader's attention is AI, without any doubt. With this development, Samsung has now also become eligible to attract some of these funds.

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