On the 19th (local time), Nvidia released results that beat market expectations, and Samsung Electronics and SK hynix, the leading high bandwidth memory (HBM) stocks, were strong intraday on the 20th.
As of 9:24 a.m. that day, Samsung Electronics was trading at 1,010,00 won on the Korea Exchange, up 4,500 won (4.66%) from the previous session. At the same time, SK hynix also rose 29,500 won (5.25%) to 591,500 won.
Nvidia said it recorded revenue of $57.006 billion (about 83.4 trillion won) in the third quarter (Aug.–Oct.). That was up 22% from the previous quarter and 62% from a year earlier. Earnings per share (EPS) were $1.30, beating the market estimate of $1.25.
In particular, with data center–oriented sales rising sharply, the share prices of Samsung Electronics and SK hynix, which supply HBM to Nvidia, are also climbing. Revenue in the data center segment came to $51.215 billion, up 66.4% from a year earlier.
Behind the strength in SK hynix shares is not only Nvidia's earnings release, but also a shift in the global DRAM market structure to a "supplier advantage."
Kim Dong-Won, head of research at KB Securities, said, "By 2027, the DRAM market will shift to a supplier advantage, boosting SK hynix's pricing power for HBM and commodity DRAM," and noted, "SK hynix is expected to achieve a high operating profit growth rate through 2027."