[Special Stock] Semiconductor Stocks Smile as Nvidia Rises
In the New York stock market, Nvidia surged, leading to a rise in the domestic semiconductor sector.
As of 9:20 a.m. on the 12th, Samsung Electronics and SK Hynix were up 2.31% and 6.11% respectively compared to the previous day. Semiconductor-related stocks such as Juseong Engineering, Exicon, TSE, Femtron, YC, and IMT have risen more than 10%.
According to foreign media reports the previous day, the U.S. government is reportedly considering allowing the export of advanced chips that help train the most powerful artificial intelligence (AI) models to Saudi Arabia. While exports to the United Arab Emirates (UAE) and Middle Eastern countries have required licenses, the Saudi Arabian government is expecting shipments of Nvidia's cutting-edge chip, the H200.
Additionally, Jensen Huang, CEO of Nvidia, stated that demand for AI chips remains strong and that they are experiencing "robust demand" for the latest chip, Blackwell, which aims for mass production within the year, further boosting Nvidia's gains. Nvidia rose more than 8%.
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Following Nvidia's surge, semiconductor stocks also collectively reversed to an upward trend. Broadcom, a latecomer in AI chips, rose 6.79%, and AMD surged 4.91%. Intel (3.48%), Qualcomm (3.02%), and TSMC ADR (4.8%), the world's number one foundry that manufactures Nvidia chips on consignment, also surged.
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