Samsung Shares Surge on Reports of Nvidia Testing HBM Chips, Raising Competition for SK Hynix
• Samsung shares surged over 4% to a 2-1/2 month high after reports that Nvidia is testing Samsung's high bandwidth memory (HBM) chips • Nvidia co-founder Jensen Huang said the company is qualifying Samsung's HBM chips for potential future use • SK Hynix shares fell despite having an existing partnership with Nvidia, as Samsung entering the HBM market increases competition • SK Hynix has begun volume production of next generation HBM3E chips that will be used in Nvidia's new Blackwell GPUs • HBM chips are important for AI development due to the high memory and processing speed demands of large language AI models