Samsung Electronics’ shares rose 5.3% to their highest level since August 2024 after reports that the company’s 12-layer HBM3E memory chips passed Nvidia’s qualification tests.

Samsung, based in South Korea, produces memory chips used in AI and other computing applications.

The company did not comment on the reports, which were first published by local media including the Korea Economic Daily.

Samsung’s stock has climbed about 20% in September, driven by expectations that demand for AI-related chips will lead to supply shortages next year.

🔗 Source: Bloomberg

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