With Nvidia, an artificial intelligence (AI) semiconductor corporations, gaining ground overnight on the New York stock market in the United States, Samsung Electronics and SK hynix are rising on the 1st.
According to the Korea Exchange, as of 9:44 a.m. that day, Samsung Electronics was trading at 84,850 won, up 950 won (1.13%) from the previous trading day. Samsung Electronics preferred shares were up 1.20%.
At the same time, SK hynix was also trading at 354,500 won, up 7,000 won (2.01%).
This appears to have been influenced by the strength in semiconductors and large-cap tech stocks on Sept. 30 (local time). On the New York stock market that day, Nvidia rose 2.6% from the previous session to $186.58, setting a new all-time high. Its market capitalization based on the closing price was $4.542 trillion, surpassing $4.5 trillion for the first time.
A series of large data center contracts kept pushing up Nvidia's share price, which supplies AI chips. U.S. data center operator CoreWeave said that it signed a computing power supply contract worth up to $14.2 billion (about 20 trillion won) with Meta Platforms (Meta), Facebook's parent company.
CoreWeave explained that with this contract, it would provide Meta with access to Nvidia's latest AI accelerator, the GB300 system. CoreWeave primarily builds and leases data centers equipped with Nvidia's graphics processing units (GPUs), which are essential for training AI models and running large-scale AI workloads, to generate revenue.
CoreWeave's latest deal came five days after it announced an expansion of its contract with OpenAI. On the 25th of last month, CoreWeave said it had expanded its contract to supply data center capacity to OpenAI by up to $6.5 billion, bringing the total contract size to as much as $22.4 billion. On news of the large contract with Meta, CoreWeave's share price also jumped 11.7% that day.