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Samsung Shares Surge to Record High on AI Expansion Ambitions

Samsung Shares Surge to Record High on AI Expansion Ambitions

Author:

Global Cryptocurrency

Published:

2026-01-05 10:21:02

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BTCCSquare news:

Samsung Electronics Co. shares rallied 7.5% to an unprecedented 136,900 yuan as co-CEO Jun Young Hyun unveiled aggressive AI adoption targets. The chipmaker plans to double its AI-powered mobile devices to 800 million units by 2026, leveraging Google's Gemini model alongside its proprietary Bixby assistant.

Market Optimism intensified after Hyun's internal memo quoted customers proclaiming 'Samsung is Back,' fueling speculation about a potential NVIDIA supply deal. The company seeks to challenge SK Hynix's dominance in the high-bandwidth memory sector amid global chip shortages.

Fourth-quarter earnings expectations rise following Samsung's confirmed 2025 supply agreement with OpenAI. The Galaxy AI suite's expansion signals deepening integration between hardware manufacturers and foundational AI models.

By:

Hyundai Sets 2026 Sales Target Amid Cautious Market Reaction

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