Samsung Electronics shares rose briefly in premarket trading

Samsung Electronics briefly climbed above the 90,000-won (USD 64.42) mark in premarket trading on Tuesday, buoyed by optimism over its high-bandwidth memory chips and upbeat broker forecasts, as per a report by the Korean Herald.

- TBG NETWORK

Citing data from Nextrade, the report stated that the stock rose as high as 91,000 won (USD 65) during premarket hours. Samsung closed at 84,700 won (USD 60) on the Korea Exchange on Tuesday, up 1.44 per cent from the previous close.” The rally followed reports that Samsung’s fifth-generation, 12-layer HBM3E chips had passed Nvidia’s quality tests just 18 months after development, fueling hopes for stronger orders. The HBM product is expected to be used in Al accelerators such as Nvidia’s B300 and AMD's MI350. Expectations are growing that supply volumes for Amazon, Google and other big tech firms will rise sharply as demand for AI memory chips accelerates,” the report said.Morgan Stanley, a global financial services firm, projected that surging artificial intelligence demand would usher in a memory “supercycle.” Citing the firm's Sunday