Samsung Electronics and SK Hynix rebounded approximately 2% in early trading on May 27, following sharp declines the prior week. As of 9:02 AM, Samsung Electronics traded at 256,000 won, up 6,500 won (2.61%), while SK Hynix reached 1,793,000 won, gaining 34,000 won (1.93%). The gains followed bargain-hunting activity after both stocks fell sharply on May 24—Samsung Electronics down 7.59% and SK Hynix down 8.34%. Market participants attributed the rebound to value-buying after the steep prior declines and positive investor sentiment from weekend announcements of AI alliances totaling over $750 billion between domestic semiconductor firms and global tech companies including NVIDIA and Broadcom. The AI cooperation agreements were formalized on May 24 (local time) at an AI Summit in San Francisco.
Samsung Electronics and SK Hynix Record 2% Gains in Early Trading on May 27
Samsung Electronics traded at 256,000 won as of 9:02 AM on May 27, representing a gain of 6,500 won or 2.61% from the prior trading day. SK Hynix reached 1,793,000 won at the same time, up 34,000 won or 1.93%. Both stocks experienced significant declines on May 24, with Samsung Electronics falling 7.59% and SK Hynix dropping 8.34%. Despite semiconductor stocks declining on the New York stock exchange over the weekend, the steep prior losses triggered bargain-hunting activity in Korean semiconductor stocks.
Samsung and SK Announce $750 Billion AI Partnerships with NVIDIA and Broadcom
Samsung and SK formalized AI cooperation agreements totaling over $750 billion ($1,100 trillion won) with global tech companies at an AI Summit held on May 24 (local time) in San Francisco. The summit took place during a presidential visit.
Samsung Electronics signed a strategic memorandum of understanding (MOU) with global AI semiconductor company Broadcom to build next-generation AI core infrastructure. Under the agreement, the two companies will pursue strategic cooperation exceeding $200 billion in memory and foundry sectors over five years through 2030.
SK entered comprehensive cooperation with NVIDIA for AI infrastructure construction totaling over $500 billion. The two companies signed a letter of intent (LOI) covering AI factory construction and AI memory supply.
FAQ
What stock price gains did Samsung Electronics and SK Hynix record on May 27?
As of 9:02 AM on May 27, Samsung Electronics traded at 256,000 won, up 6,500 won (2.61%), and SK Hynix reached 1,793,000 won, gaining 34,000 won (1.93%).
What AI partnerships did Samsung and SK announce on May 24?
Samsung Electronics signed an MOU with Broadcom for over $200 billion in cooperation through 2030 in memory and foundry sectors. SK signed an LOI with NVIDIA for over $500 billion in AI infrastructure cooperation covering AI factory construction and AI memory supply.
How much did Samsung Electronics and SK Hynix stocks decline on May 24?
Samsung Electronics fell 7.59% and SK Hynix dropped 8.34% on May 24.
