Samsung Reaches $1 Trillion Valuation Amid AI-Driven Chip Demand
Samsung reached a $1 trillion valuation as its shares surged over 10% due to increased demand for AI chips. The company's profits have risen sharply, driven by high-bandwidth memory (HBM) used in AI systems. Reports of potential Apple chip manufacturing deals in the U.S. also contributed to the stock's rise.
Topics: AI earnings labor issues semiconductors stock valuation supply chain