Samsung and SK Hynix Surge to Record Highs on Nvidia’s AI-Driven Earnings Boom
Samsung Electronics and SK Hynix soared to unprecedented stock prices following Nvidia's blockbuster earnings report, which underscored insatiable demand for AI chips. Nvidia's quarterly revenue skyrocketed 73% year-over-year to $68.1 billion, obliterating analyst expectations.
The South Korean memory chip giants became immediate beneficiaries, with Samsung jumping 7% to 217,500 won and SK Hynix mirroring the gain at 1,053,500 won. Their rally single-handedly lifted the KOSPI index 3% to historic levels.
Market euphoria stems from Samsung's impending exclusivity as HBM4 supplier for Nvidia's Vera Rubin processors, while SK Hynix cements its AI credentials through a new flash memory partnership with SanDisk. The semiconductor sector's fortunes remain inextricably tied to Nvidia's AI dominance.