TECH - Samsung Stock Surges Over 5% Following Nvidia's Interest In Its High-Bandwidth Memory Chips | Benzinga
The stock of Samsung Electronics Co (OTC:SSNLF) experienced a significant surge on Wednesday following reports of interest from NVIDIA Corp (NASDAQ:NVDA) in its next-generation high-bandwidth memory (HBM) chips.
What Happened: Samsung Electronics’ shares rose by more than 5% after Nvidia’s CEO, Jensen Huang, hinted at the possibility of using Samsung’s new HBM chips for its graphics processing units. Huang praised Samsung’s HBM memory, calling it “very complicated” and “very good,” reported Korea Economic Daily Wednesday.
According to the report, Huang said, "HBM memory is very complicated, and the value added is very high. We are spending a lot of money on HBM."
Despite the positive remarks, the qualification process does not guarantee purchase. This news comes after Samsung’s competitor, SK Hynix, announced that it would be supplying its HBM chips to Nvidia, which led to a drop in SK Hynix’s stock by 3.56% on Wednesday.
HBM, a high-value and high-performance memory chip, comprises vertically interconnected multiple DRAM chips. These chips notably enhance data processing speed compared to standard DRAM products while also reducing ...