Samsung stock surges as Nvidia CEO confirms AI chip production deal and HBM4E showcase

Samsung Stock Jumps As Nvidia CEO Jensen Huang Confirms New AI Chip Production Deal - Apple (NASDAQ:AAPL), Micron Technology (NASDAQ:MU)

Huang announced this at the GTC developer conference in California on Monday. The CEO launched Nvidia's new AI inference processor built with technology from Groq, crediting Samsung for manufacturing the chips, which are already in production and set to ship in the second half of the year. NVIDIA acquired chip startup Groq for $20.6 billion in December. Huang doubled the AI demand outlook to $1 trillion at the GTC conference, reflecting the surging demand for the tech giant's next-generation platforms, including Blackwell and Vera Rubin, as companies ramp up spending on AI infrastructure. Samsung Gains Edge In AI Chip Race Samsung has already started mass production of its HBM4 AI memory chips and is reportedly negotiating prices of about $700 per unit. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Samsung Shares Rise After Next-Generation Chip Showcase

Samsung Electronics shares rose after the South Korean technology giant showcased advances in next-generation high-bandwidth memory for artificial intelligence chips. The stock climbed as much as 4.9% in Seoul trading Tuesday after Samsung unveiled its HBM4E--its most advanced AI memory component--ahead of rivals at Nvidia's annual AI conference, which began Monday in San Jose, Calif. Samsung said its sixth-generation HBM4, designed for Nvidia's Vera Rubin platform, delivers speeds of 11.7 gigabits per second, with potential to reach 13 Gbps, above the industry standard of 8 Gbps. The upgraded HBM4E runs at 16 Gbps. Samsung shares outperformed the Kospi's 2.7% gain in Tuesday afternoon trading. The showcase is seen as reinforcing Samsung's position in the emerging HBM4 market amid the AI boom. Last month, it said it was the first to mass-produce and ship HBM4 products, and plans to provide HBM4E samples to clients in the second half. Despite being the world's largest memory-chip maker, Samsung had trailed smaller rivals such as SK Hynix and Micron Technology in supplying earlier-generation HBM3 and HBM3E chips to Nvidia. At Nvidia's GPU Technology Conference, Samsung said it would highlight its comprehensive AI computing technologies and capabilities as well as its partnership with the U.S. chipmaker. "As the industry's only semiconductor company offering a total AI solution spanning memory, logic, foundry and advanced packaging, Samsung will exhibit its full suite of products and solutions that enable customers to design and build groundbreaking AI systems," it said Tuesday. Nvidia Chief Executive Jensen Huang outlined a broad array of new hardware and software products at the conference and said the company expects to generate $1 trillion in sales from Blackwell and Rubin chips by the end of 2027.