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Samsung stocks fall to their lowest in over four years
Since the beginning of the year, Samsung Electronics’ shares have declined by 34%, falling to their lowest in more than four years. This predicts their worst annual performance in over 20 years.
This drop is due to worries about potential US tariffs under President-elect Donald Trump’s administration.
Samsung, the world’s leading memory chip producer, has been underperforming against competitors like TSMC and Nvidia.
The primary reason is its delay in catching up with the growing demand for AI chips.
Recent Samsung developments
| Timeline |
|---|
08-Nov-2024 📉 Samsung loses lead to SK Hynix amid AI demand surge
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01-Nov-2024 📉 Samsung focuses on high-value AI chips post-earnings miss
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30-Oct-2024 📉 Samsung shares plummet 32%, losing $122b to chip rivals
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22-Oct-2024 🤝 Samsung, Intel eye foundry alliance to challenge TSMC
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16-Oct-2024 🛠️ Samsung India workers end strike after 37 days
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