On October 10, Samsung Electronics witnessed a substantial surge in its stock price, poised to achieve a historic peak. This remarkable rise is largely attributed to investors' robust confidence in the company's promising potential within the artificial intelligence chip domain and the resurgence of its conventional memory business.

Following the holiday hiatus, Samsung's shares soared by as much as 6% during trading in Seoul, soaring to KRW 94,300. Since the dawn of the current year, the stock price of South Korea's preeminent corporation has amassed a staggering 76% increase, catapulting its market capitalization to an impressive USD 390 billion.

The market consensus suggests that Samsung is well-positioned to close the gap with its rival, SK Hynix, in the realm of supplying high-bandwidth memory tailored for AI applications to industry giants like Nvidia. Moreover, the supply agreements forged between the two South Korean entities and OpenAI have acted as a significant catalyst for the stock price's upward trajectory.

Shawn Oh, a seasoned stock trader at NH Investment & Securities, remarked that the discount previously associated with Samsung's HBM supply to Nvidia, coupled with the large-scale AI investments, is gradually diminishing. He further revealed that Nvidia and Samsung are currently in the advanced stages of negotiating crucial aspects such as supply volumes, pricing, and delivery timelines.