On the morning of the 10th, Samsung Electronics and SK hynix, the leading semiconductor stocks, both hit fresh record highs. With Nvidia seeing a path open to export artificial intelligence (AI) chips to the United Arab Emirates (UAE), it is seen as continued expectations for a semiconductor supercycle.
As of 9:10 a.m. on the 10th, Samsung Electronics was trading at 93,300 won, up 4,300 won (4.83%) from the previous session. SK hynix was also trading at 421,500 won, up 26,000 won (6.57%) from the pre-holiday session. Early in the session, they rose to 94,300 won and 426,000 won, respectively, marking a new 52-week high and an all-time high.
The simultaneous surge of leading semiconductor stocks is sending a warm breeze through the entire semiconductor sector. Mid- and small-cap semiconductor stocks such as HANMI Semiconductor (4.08%), Jeju Semiconductor (14.87%), and Neosem (5.47%) are also on the rise.
Overnight, Nvidia jumped more than 3% intraday to a record high on news that the U.S. government allowed AI chip exports to the UAE. Bloomberg reported that the Bureau of Industry and Security under the U.S. Commerce Department issued an export license to Nvidia under the U.S.-UAE bilateral AI agreement signed in May. It is the first case of allowing Nvidia AI chip exports to the UAE since President Trump took office.
Bullish outlooks from securities firms on the semiconductor supercycle are continuing. On this day, Ryu Young-ho, an analyst at NH Investment & Securities, said, "The current memory environment is seeing stronger-than-expected price increases amid limited supply and strong demand," setting a target price of 500,000 won for SK hynix and 115,000 won for Samsung Electronics.