Samsung Shares Surge on Nvidia Endorsement of Memory Chips, Eyes Top Semiconductor Spot

• Samsung's stock jumped over 6% after Nvidia's CEO endorsed using their high-bandwidth memory (HBM) chips

• Nvidia's demand for HBM chips is strong, but capacity at rivals SK Hynix and Micron is limited, so they may need Samsung too

• Samsung aims to become #1 in the global chip market in 2-3 years by investing in HBM and foundry capacity

• Hynix currently leads in HBM technology, but Samsung's sales rose 40% last quarter as memory demand recovers

• Beyond memory chips, Samsung wants to expand its foundry business fabricating logic chips for customers like Nvidia