Samsung Electronics Shares Hit Record High on AI, Chip Optimism
The Samsung Electronics booth at the IFA Consumer Electronics and Home Appliances trade fair in Berlin.
Photographer: Krisztian Bocsi/BloombergSamsung Electronics Co. shares closed at an all-time high, riding investor enthusiasm for its potential in artificial intelligence chips and renewed confidence in its conventional memory business.
Its stock rose 6.1% to 94,400 won ($66) in Seoul on Friday, as the market resumed trading after a weeklong holiday. Shares of South Korea’s largest company are up 77% this year, pushing its market capitalization to $393.5 billion.