Samsung’s stocks surge by over 5% following reports of Nvidia’s interest in employing its next-generation chips

Samsung’s stocks surge by over 5% following reports of Nvidia’s interest in employing its next-generation chips
  • Samsung’s daily gain Wednesday was the largest percentage jump the stock has seen since September, according to Reuters data.
  • Nvidia reportedly said the South Korean chipmaker’s high bandwidth memory chips were in the “qualifying” stage for use in Nvidia’s graphics processing units.

Samsung logo displayed on a phone screen with a binary code reflected on it, a laptop keyboard, a memory card, an adaper and cables are seen in this illustration photo taken in Krakow, Poland on January 30, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

Jakub Porzycki | Nurphoto | Getty Images

Shares of South Korean heavyweight Samsung Electronics soared more than 5% Wednesday after reports of interest from chip giant Nvidia.

Earlier on Wednesday, media reports emerged that Nvidia co-founder and CEO Jensen Huang hinted during a media briefing that his firm is in the process of qualifying Samsung Electronics’ new-generation high-bandwidth memory chips for its graphics processing units.

“HBM memory is very complicated and the value added is very high. We are spending a lot of money on HBM,” Huang said, in comments carried by the Korea Economic Daily. He reportedly added that Nvidia is in the process of testing Samsung Electronics’ HBM chips.

“Samsung is very good, a very good company,” Huang signaled.

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