Samsung Electronics and SK Hynix both saw gains of over 7% in early trading on August 5. This surge follows a strong performance by semiconductor stocks in the U.S. market, fueled by ongoing expectations for investments in artificial intelligence (AI) semiconductors, which have led to increased buying interest in major domestic semiconductor stocks.
According to the Korea Exchange, as of 9:50 a.m., Samsung Electronics was trading at 248,500 won, up 8,500 won (3.54%) from the previous trading day. At the same time, SK Hynix was up 9,600 won (6.09%), trading at 1,673,000 won.
In New York, major semiconductor stocks such as Nvidia (up 2.56%) and Micron (up 7.62%) experienced significant increases, along with SanDisk (up 10.97%), Marvell Technology (up 12.81%), and Intel (up 10.84%). The market was further buoyed by Palantir, an AI-based data analytics company, which reported a 93% year-over-year increase in second-quarter revenue, amounting to approximately 2.77 trillion won.
This renewed investor sentiment is reflected in the market, with Samsung Electronics and SK Hynix together accounting for about 49.24% of the total market capitalization of the KOSPI index as of 10:05 a.m. The KOSPI electrical and electronics sector index, which includes these stocks, was also up 4.44% at the same time.
Analysts predict that the upward trend for SK Hynix and Samsung Electronics will continue in the near term. Seo Seung-yeon, a researcher at DB Financial Investment, stated that for SK Hynix, "the strong demand for AI and limited supply capacity for DRAM will likely lead to continued quarterly price increases next year," adding that "if an aggressive shareholder return policy is announced, we could see a more dynamic rise in stock prices."
Regarding Samsung Electronics, Seo noted, "The company is expected to have a stable memory business structure through multi-year supply contracts, unlike past cycles," and strongly recommended buying the stock.
* This article has been translated by AI.
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