[Featured Stock] AMD Soars 10% on New Product Launch, Domestic Semiconductor Stocks Also Rally
AMD rose nearly 10%, leading to an upward trend in the stock prices of domestic semiconductor companies.
As of 9:30 a.m. on the 8th, SK Hynix was trading at 128,800 KRW, up 2.55% from the previous day, and Samsung Electronics rose 0.98% to 70,220 KRW. Isu Petasys also increased by more than 4%, and Hanmi Semiconductor rose 2.38%.
On the 7th (local time), AMD officially launched its latest artificial intelligence (AI) chip, the Instinct MI300 series, at an investor event. The MI300X, a graphics processing unit (GPU), is a competitor to Nvidia's H100, which is leading the AI chip market.
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Meanwhile, Meta, Microsoft, OpenAI, and Oracle have announced plans to purchase AMD's new AI chips for use in the cloud.
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