Samsung Stock Jumps As Nvidia CEO Jensen Huang Confirms New AI Chip Production Deal

Samsung Electronics' stock rose 2.76% in Seoul following Nvidia CEO Jensen Huang's announcement that Samsung will manufacture Nvidia's latest AI chips, which are already in production and set to ship in the second half of the year. This partnership comes as Nvidia has increased its AI demand outlook to $1 trillion, reflecting a surge in spending on AI infrastructure. Samsung's involvement in producing HBM4 AI memory chips, priced around $700 per unit, is expected to aid in the recovery of its foundry division, which has faced significant losses in recent years.