[Featured Stock] 'Is Samsung Electronics Heading to 80,000 Won?'... Samsung Electronics Rises 1.07%, Hits Another Record High

Seoul Samsung Electronics Seocho Building. Photo by Jinhyung Kang aymsdream@

Samsung Electronics' stock price continues to rise on the 22nd. As of 12:24 PM, Samsung Electronics is trading at 75,800 KRW, up 1.07% from the previous day. During the day, it reached 76,300 KRW, marking a 52-week high.

Accordingly, expectations are growing for the so-called '80,000 Electronics,' referring to the stock price reaching the 80,000 KRW range. The stock price has not risen above 80,000 KRW since December 29, 2021, when it recorded 80,200 KRW.

The market expects Samsung Electronics' performance to improve as the semiconductor industry recovers starting from the fourth quarter of this year. On this day, KB Securities researchers Dongwon Kim and Kyunga Lee noted, "Semiconductor exports from the 1st to the 20th of this month increased by 19% compared to the same period last year," adding, "This marks the second consecutive month of growth following last month's turnaround after 16 months."

They added, "Orders for DRAM and NAND from customers are increasing significantly. With the upcoming launch of new on-device AI smartphones and PCs equipped with artificial intelligence (AI) features starting in the first quarter of next year, PC and smartphone manufacturers' demand for memory semiconductor inventory accumulation is surging," stating, "Samsung Electronics is expected to officially begin building the on-device AI ecosystem after unveiling the Galaxy S24 with AI features in mid-January next year."

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