[Market Focus] Samsung Electronics and SK Hynix Rebound in Three Days on Nvidia's Strong Earnings

Samsung Electronics and SK Hynix succeeded in rebounding after three days.

As of 9:34 a.m. on November 20, Samsung Electronics was trading at 100,700 won on the Korea Exchange, up 4,200 won (4.35%) from the previous day. The stock price surpassed the 100,000 won mark again after three days. SK Hynix was trading at 588,000 won, up 26,000 won (4.63%).

This rebound appears to have been influenced by Nvidia's strong earnings. On November 19 (local time), Nvidia announced that its revenue for the third quarter of its fiscal year (August to October) reached $57.006 billion. This figure represents a 62% increase compared to the same period last year and exceeded the market forecast of $54.92 billion compiled by market research firm LSEG. Earnings per share (EPS) also came in at $1.30, surpassing the forecast of $1.25.