Samsung's stock approaches a record high

Samsung Electronics Co.’s shares have surged to a record high, fueled by strong investor optimism over its potential in AI chips and renewed confidence in its core memory ￰0￱ to the company’s October 10 stock report, Samsung’s stock jumped 6% to 94,300 won in Seoul as markets reopened after a week-long ￰1￱ the largest company in South Korea by market capitalization, its shares have increased by 76% this year, boosting its market value to $390 billion. Samsung’s advanced AI approach escalates its shares to an all-time high Following Samsung’s impressive outlook , investors have become more optimistic that the company will catch up with its smaller competitor, SK Hynix Inc., in offering high-bandwidth memory to Nvidia ￰2￱ other firms for AI ￰3￱ factor contributing to this positive trend is a major supply deal with OpenAI, which involves both Samsung and SK Hynix ￰4￱ Oh, an equities trader at NH Investment & Securities Co., commented on the topic of discussion, highlighting that the tech giant’s discount is fading when it comes to providing Nvidia with high-bandwidth memory and continuous significant investments in ￰5￱ to the equities trader, reports indicate that Nvidia and Samsung are close to finalizing talks regarding supply volumes, prices, and ￰6￱ the other hand, the traditional DRAM and NAND chip markets, which Samsung leads, are expected to enter a “supercycle” as the supply shortage increases price ￰7￱ the week-long market holiday in South Korea, which ended on October 6, analysts from Morgan Stanley raised their early price target for Samsung to 111,000 won, reflecting a 14% increase.

A notable surge in the tech company’s memory chip prices for the fourth quarter and a strong demand for its products, which is anticipated to continue until 2026, triggered this ￰8￱ analysts believe these factors suggest a potential for substantial breakthroughs in the future. Meanwhile, it is worth noting that Samsung’s shares ended September with the most remarkable monthly performance since 2020 after struggling with a low position in the AI global surge ranking early this ￰9￱ tech company’s shares had also attained an all-time high in ￰10￱ the current peak driven by foreign investors, local retail investors had fueled this surge in stock during the ￰11￱ strikes significant deals with Samsung and SK Hynix in the AI boom era Samsung and SK Hynix’s considerable stock escalation has generally amounted to 145% in ￰12￱ has positioned South Korea as one of the best-performing stock markets in the year.

Additionally, the benchmark Kospi, a crucial stock market index that tracks the performance of big firms based in South Korea, has also climbed 50% in ￰13￱ outstanding accomplishment was observed after the tech companies struck early deals to provide chips for OpenAI’s Stargate project, enhancing their position in AI ￰14￱ the deal, OpenAI’s Sam Altman agreed to include Samsung and SK Hynix in his project to build data ￰15￱ previously reported by Cryptopolitan , Altman met with South Korean President Lee Jae-myung and the chairmen of Samsung and SK Hynix at the presidential office in Seoul last week, before the ￰16￱ had collaborated with SoftBank and Oracle in January to unveil the $500 billion Stargate project.

Notably, the worldwide initiative involves major industry players, such as Nvidia ￰17￱ Oracle ￰18￱ companies said the US startup could require as many as 900,000 wafers a month as Stargate ￰19￱ demand estimate exceeds twice the worldwide current HBM (high-bandwidth memory) capacity, which is indicative of the adaptability and scope of Stargate and its potential contribution to global AI development in a rapidly evolving market, said SK ￰20￱ up to Bybit and start trading with $30,050 in welcome gifts