On the 29th at 10 a.m., SK hynix and Samsung Electronics stocks are performing strongly. This is due to NVIDIA, a leader in artificial intelligence (AI) semiconductors, announcing strong earnings.
As of 9:25 a.m. on the 29th, SK hynix is trading at 211,250 won, up 3,250 won (1.56%) from the previous trading day.
Related stock Samsung Electronics (0.18%) is also showing an upward trend.
On the 28th (local time), NVIDIA reported earnings that exceeded market expectations despite U.S. export restrictions against China.
NVIDIA stated that it recorded first-quarter revenue of $44.062 billion in its quarterly earnings announcement held on that day in Korean time. This represents a 69% increase compared to the same period last year.
Last night, NVIDIA closed down 0.51% on the regular session of the New York Stock Exchange, but surged over 4% in after-hours transactions following the earnings announcement.