[Hot Stock] Nvidia After-Hours Trading Surge Achieves '70,000 Jeon Electronics' and '100,000 Nix' Milestones

Semiconductor stocks such as Samsung Electronics and SK Hynix are showing strong performance in early trading. This follows a roughly 27% surge in the stock price of U.S. semiconductor company Nvidia during after-hours trading on the New York Stock Exchange.

As of 9:30 a.m. today, Samsung Electronics' stock price on the KOSPI market is trading at 68,900 KRW, up 0.58% from the previous trading day.

Shortly after the market opened, it rose 2.19% to 70,000 KRW, setting a new 52-week high.

Based on the intraday high, Samsung Electronics surpassed the 70,000 KRW mark for the first time in about 1 year and 2 months since March 31 of last year (72,000 KRW).

[Image source=Yonhap News]

At the same time, SK Hynix is trading at 102,700 KRW, up 5.12%.

SK Hynix also recorded an intraday high of 104,300 KRW, up 6.76% in early trading.

Based on the intraday high, SK Hynix surpassed 100,000 KRW for the first time since July 29 of last year (100,000 KRW).

Earlier on the 24th (local time), Nvidia's stock price in after-hours trading on the New York Stock Exchange surged 26.64% to $386.74 (approximately 510,883 KRW) compared to the regular session closing price.

This was due to Nvidia's announcement that its fiscal second-quarter revenue is expected to reach around $11 billion (approximately 14.531 trillion KRW), exceeding market expectations by more than 50%.

Fiscal first-quarter (February to April) revenue was also $7.19 billion (approximately 9.4979 trillion KRW), about 10% higher than market forecasts.