Samsung Electronics shares jumped more than 6% on the 29th, pushing its market capitalization, including preferred shares, above 2 trillion won.
According to the Korea Exchange (KRX), as of 2:53 p.m. that day, Samsung Electronics was trading at 317,500 won, up 6.01% from the previous session. At the same time, its market capitalization was tallied at 1.8561935 trillion won.
The preferred shares, Samsung Electronics preferred, also surged 8.04% to 206,250 won in transactions, with a market cap of 165.4891 billion won. The combined market cap of Samsung Electronics common and preferred shares reached 2.0216826 trillion won, surpassing 2 trillion won.
The surge in Samsung Electronics' share price appears to reflect positive news related to High Bandwidth Memory (HBM), a core component for artificial intelligence (AI). Samsung Electronics officially said that it began the world's first sample shipments of HBM4E, its seventh-generation HBM product, that day.
Earlier, in February this year, Samsung Electronics began the world's first mass production shipments of sixth-generation HBM4. It has since moved to preemptively supply samples of the next-generation product, accelerating efforts to secure leadership in the next-generation AI memory market.