SK Hynix and Samsung Electronics Surge Following Nvidias Impressive Earnings Report
On the 20th, SK Hynix and Samsung Electronics experienced a significant surge in pre-market trading. This increase is attributed to renewed investor sentiment following strong earnings reported by Nvidia, a leading player in the global artificial intelligence (AI) chip market.
As of 8:10 AM, SK Hynix was trading at 599,000 KRW, up 6.58% from the previous day, with early trading seeing it soar by as much as 8%. Meanwhile, Samsung Electronics recorded a 3.52% rise, reaching 99,000 KRW.
The rise of South Koreas semiconductor giants on this day is largely interpreted as a direct reaction to Nvidias robust performance. Nvidia reported its quarterly earnings after the market close, revealing revenues of $57 billion, exceeding market expectations of $54.9 billion.
Nvidia also reported earnings per share of $1.30, surpassing the anticipated $1.25. Following this announcement, Nvidias stock jumped nearly 5% in after-hours trading.
Jensen Huang, CEO of Nvidia, commented, "Sales of the Blackwell product are so high that they cannot be charted, and cloud GPUs are sold out. We have entered a virtuous cycle of AI." He added, "The AI ecosystem is rapidly expanding, with more new model developers and AI startups emerging across various industries and countries. AI is infiltrating everywhere, enabling simultaneous operations."
This news has not only invigorated the stock prices of SK Hynix and Samsung Electronics but also highlights the growing impact of AI technologies in the semiconductor industry and beyond.
As of 8:10 AM, SK Hynix was trading at 599,000 KRW, up 6.58% from the previous day, with early trading seeing it soar by as much as 8%. Meanwhile, Samsung Electronics recorded a 3.52% rise, reaching 99,000 KRW.
The rise of South Koreas semiconductor giants on this day is largely interpreted as a direct reaction to Nvidias robust performance. Nvidia reported its quarterly earnings after the market close, revealing revenues of $57 billion, exceeding market expectations of $54.9 billion.
Nvidia also reported earnings per share of $1.30, surpassing the anticipated $1.25. Following this announcement, Nvidias stock jumped nearly 5% in after-hours trading.
Jensen Huang, CEO of Nvidia, commented, "Sales of the Blackwell product are so high that they cannot be charted, and cloud GPUs are sold out. We have entered a virtuous cycle of AI." He added, "The AI ecosystem is rapidly expanding, with more new model developers and AI startups emerging across various industries and countries. AI is infiltrating everywhere, enabling simultaneous operations."
This news has not only invigorated the stock prices of SK Hynix and Samsung Electronics but also highlights the growing impact of AI technologies in the semiconductor industry and beyond.
Like
0
Upvote0
- PrevKorean Financial Commission Designates Major Investment Firms, Enhancing Market Opportunities
- NextKorean Securities Firms to Inject 20 Trillion Won into Venture Capital by 2028
김한*
좋은 뉴스 담아갑니다.
김홍*
이게 나라냐!!
한혜*
정말 미래적인 기술이네요. 어서 빨리 상용화 되었으면 좋겠습니다.
No comments yet.