Samsung Stock Hits Record High on AI Chip Momentum

Samsung Electronics shares surged 6 percent to 94,300 won in Seoul on October 10, putting the stock on track for a record high after markets reopened from a weeklong holiday.

The South Korean tech leader has seen its share price climb 76 percent year-to-date, driving its market capitalization to around US$390 billion.

Investor confidence is being fueled by Samsung’s growing role in high-bandwidth memory (HBM) production, which is critical for powering AI applications. The company is currently in negotiations with Nvidia for HBM supply volumes and is also expected to benefit from a supply deal with OpenAI, alongside SK Hynix.

Key Highlights

Samsung shares surge 6 percent to record highs amid AI chip optimism
Morgan Stanley raises price target to 111,000 won on strong memory demand
DRAM and NAND price recovery boosts semiconductor growth outlook

Analysts predict further upside as DRAM and NAND chip prices are set to rise due to supply constraints, strengthening Samsung’s core semiconductor business. Morgan Stanley has raised its price target for Samsung shares by 14 percent to 111,000 won, citing robust Q4 memory chip pricing and sustained AI-related demand through 2026.

Also Read: Samsung Shares Surge as HBM3E Chips Pass Nvidia Tests

Samsung’s rally, together with a 145 percent rise in SK Hynix shares this year, has powered the Kospi benchmark index to a 50 percent gain year-to-date, underscoring South Korea’s strong position in the global semiconductor upcycle.