[Featured Stocks] Samsung Electronics and SK Hynix Rise Alongside Nvidia's Uptrend
SK Hynix and Samsung Electronics are showing strength amid the tailwind from Nvidia.
![[Featured Stocks] Samsung Electronics and SK Hynix Rise Alongside Nvidia's Uptrend](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 1:41 PM on the 20th, SK Hynix is trading at 205,000 KRW, up 3.40% (6,600 KRW) from the previous trading day. At the same time, Samsung Electronics is also up 1.02% (800 KRW) at 79,200 KRW compared to the previous trading day.
This is attributed to Nvidia's more than 4% rise in the New York stock market overnight. On the 19th (local time), Nvidia closed at 130.00 USD, up 4.35% on the New York Stock Exchange. On that day, Nvidia's market capitalization increased to 3.198 trillion USD (approximately 4,269 trillion KRW), surpassing Microsoft (MS) to become the second largest by market cap.
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The rise in Nvidia's stock price was influenced by Goldman Sachs' positive outlook. Goldman Sachs described Nvidia's stock as "still attractive," giving it a 'buy' rating along with a target price of 135 USD.
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