[Featured Stock] Samsung Electronics Rises Over 4% Intraday on GTC Expectations

Samsung Electronics, the largest company by market capitalization in the domestic stock market, is showing a strong gain of over 4% in early trading. This appears to reflect expectations that positive news related to artificial intelligence (AI) may emerge at Nvidia's developer event, GTC.

As of 9:29 a.m. on the 17th, Samsung Electronics' stock price rose 4.75% from the previous day to 57,300 KRW. Compared to the intraday low of 52,500 KRW on the 11th, it has increased by 9.1% in just one week.

Expectations have grown following news that Nvidia will introduce the latest AI technologies and present related ecosystems such as robotics and automobiles starting on the 17th (local time) in Silicon Valley, USA.

Jensen Huang, CEO of Nvidia, is scheduled to deliver a keynote speech on AI and accelerated computing technologies on the 19th. Samsung Electronics will also participate in this event to unveil the latest AI memory and various solutions.

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