AI Partnership Boosts Chipmakers
"Shares of Samsung Electronics, mine's two digits. You're getting there. Shares of Samsung Electronics and SK Hynix basically surge to multi-year highs. There's word that they partner with OpenAI as part of this big Stargate AI push. They’re going to focus on boosting the supply of advanced memory chips and expanding data centers. Samsung finished three and a half percent higher and SK Hynix jumped about 10%, boosting their combined market value by more than $30 billion."
— Tom Keen with Paul Sweeney and Lisa Mateo
Samsung Electronics and SK Hynix are benefiting from an AI push as they partner with OpenAI, an initiative dubbed 'Stargate.' The collaboration is aimed at expanding advanced memory chip supply and data center capabilities. This development has led to multi-year highs in their shares, reflecting strong market optimism in the AI space.
Company CommentaryBullish High ConvictionScore: 7.6
Company Opinion •Stock Movers • 22 days ago