US semiconductor stocks plunged last Friday (5th). This morning (8th), Samsung Electronics shares once sank below KRW300,000 and last dived more than 7% at KRW305,000, while SK Hynix shares dropped below KRW2 million and were last down 3.86%.
Jensen Huang, CEO of NVIDIA Corporation (NVDA.US), who is visiting Seoul, said that AI-related stocks are now very cheap and shareholders should be pleased as there could be even greater upside in the future.
Huang stated that demand for AI will continue to mushroom and that the future is very bright. It has become an established fact that AI will serve as core global infrastructure.
Earlier, NVIDIA reached a cooperation agreement of more than two years with SK Hynix, which can be extended. Under the agreement, NVIDIA chips will be produced at SK Hynix’s wafer fabrication plants and used by SK Telecom to support AI development.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| MIMAX (C) |
28331 |
1,380 (-) |
0.105 |
2.6 X |
| KNATL (C) |
28467 |
1,889 (-) |
0.750 |
1.9 X |
| KNATL (C) |
28382 |
1,388 (-) |
0.980 |
1.8 X |
| Nvidia (P) |
11090 |
168 (-) |
0.193 |
3.6 X |
