Courtesy of Samsung ElectronicsĪnother factor that boosted Samsung stock price's latest surge is that Benjamin Braun, chief marketing officer of Samsung Europe, announced at the IFA 2023, an annual tech trade show in Berlin, Germany, on Thursday, local time, that Samsung's Galaxy Z Flip 5 and Fold 5 have both achieved new sales records in Europe. The stock price went on a further decrease on Monday, finishing at 119,200 won, a 0.67 percent fall from Friday.īenjamin Braun, Samsung Europe's chief marketing officer, delivers a keynote speech during a press conference at Cit圜ube Berlin, Germany, Thursday. With the news, the stock price of the SK hynix fell to 120,000 won at Friday's closing, a 1.48 percent fall from the previous session. So far, NVIDIA has been exclusively supplied with HBM3 from SK hynix. As Samsung Electronics has succeeded in securing NVIDIA, following AMD, as its key clients, Samsung's global market share in the HBM market is expected to surpass 50 percent in the next year. The contract also states the Korea-headquartered global chipmaker's supply plan for the next year. Local media outlets reported that Samsung passed NVIDIA's quality test for HBM3 on Thursday, simultaneously entering into a supply contract. HBM is a standardized high-speed stacked memory technology, providing wide channels for data and shortening information transmission time. 1 when it closed at 71,100 won.įriday's surge is largely attributed to media reports earlier in the afternoon, announcing the Korean tech giant will start supplying NVIDIA with the fourth-generation HBM3, as early as next month. This is the first time in a month that the stock price has reclaimed the 70,000 won mark since Aug.
The price of Samsung Electronics soared to 71,000 won on Friday's session, marking a 6.13 percent increase from the previous day. The stock price of the Korean tech giant ended at 71,200 won ($53.96) on Monday's closing, a 0.28 percent increase from Friday's session, continuing its upward trend since Friday.
The stock price of Samsung Electronics has been on the rise for two consecutive trading sessions, following news of its supply of high-bandwidth memory product HBM3 to Nvidia. Samsung Electronics building in Seocho District in southern Seoul / Yonhap
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