Samsung soars more than 5% after report of Nvidia considering its next-gen chips
Publishing timestamp: 2024-03-20 09:49:20
Summary
Samsung's stock saw a significant increase after reports of Nvidia's interest in using their high-bandwidth memory chips in their graphics processing units. Nvidia is in the process of qualifying Samsung's chips, with no obligation to purchase. This news comes after rival SK Hynix announced a deal with Nvidia, causing their stock to drop. Samsung also expects significant revenue from their advanced chip-packaging products in 2024.
Sentiment: POSITIVE
Tickers: SSNHZ,
Keywords: breaking news: technology, samsung electronics co ltd, software, business news, technology,