(Bloomberg) — Samsung Electronics Co. shares rose after Nvidia Corp. said it is working to certify the company’s high-bandwidth memory chips, a critical step that would allow the Korean company to capitalize on booming demand for AI technologies.
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The stock gained as much as 3.6% in early Wednesday trading in Seoul. Samsung’s shares had dropped about 4% this year before Wednesday’s trading, trailing leading chip players.
Nvidia Chief Executive Officer Jensen Huang told reporters Tuesday his company was examining the so-called HBM chips that Samsung and Micron Technology Inc. offer. Nvidia’s endorsement is needed before either can directly compete with SK Hynix Inc., whose share price has soared since it began supplying Nvidia with HBM3 and more advanced HBM3e chips.
“Despite initial setbacks in gaining Nvidia’s approval for its [eight-layer] HBM3e, we…
