Reflecting Expectations for Nvidia
![[Featured Stock] Samsung Electronics Rises Despite Earnings Below Expectations](https://cphoto.asiae.co.kr/listimglink/1/2024120516035239132_1733382232.jpg)
Samsung Electronics showed an upward trend on the 8th despite its fourth-quarter results last year falling short of expectations. This is interpreted as reflecting optimism following a positive response from Jensen Huang, CEO of NVIDIA, regarding Samsung Electronics' High Bandwidth Memory (HBM).
As of 9:41 AM, Samsung Electronics was trading at 56,200 KRW, up 1.44% (800 KRW) from the previous day.
On this day, Samsung Electronics announced that its consolidated sales for the fourth quarter of last year were tentatively estimated at 75 trillion KRW, with an operating profit of 6.5 trillion KRW. Both sales and operating profit fell short of market expectations. The securities firms' estimates were 77.4035 trillion KRW for sales and 7.9705 trillion KRW for operating profit.
The stock price rise is driven more by expectations for HBM than by the earnings results. On the 7th (local time), Jensen Huang, CEO of NVIDIA, stated at a global press conference held at the Fontainebleau Hotel in Las Vegas, USA, "Samsung Electronics' HBM is currently being tested, and I am confident it will succeed."
He added, "The first HBM memory originally used by NVIDIA was made by Samsung," and said, "They will recover."
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