Samsung Electronics Co. shares surged to their highest level in more than a year, climbing as much as 5.3% to levels last seen in August 2024.
The rally followed reports in local media, including the Korea Economic Daily, that the company’s 12-layer HBM3E product had passed Nvidia Corp.’s qualification tests. Samsung representatives declined to comment on the reports.
The stock has risen about 20% this month, supported by expectations of supply shortages in commodity memory chips next year as demand from artificial intelligence continues to grow.
Bloomberg
