by Hwang Yoonju
Published 25 Oct.2024 09:12(KST)
Updated 25 Oct.2024 13:17(KST)
Samsung Electronics hit a 52-week low at the market opening on the 25th. This is interpreted as a decline in investor sentiment following evaluations that its high-bandwidth memory (HBM) competitiveness in the artificial intelligence (AI) semiconductor market is relatively inferior to that of SK Hynix.
At 9:08 a.m. that day, Samsung Electronics was trading at 56,100 KRW, down 0.88% (500 KRW) from the previous day. During the session, the price dropped to 55,900 KRW, marking a new 52-week low.
Meanwhile, competitor SK Hynix recorded its highest-ever quarterly performance in Q3 this year, with sales of 17.6 trillion KRW and operating profit of 7 trillion KRW. The proportion of HBM in DRAM sales for Q3 was 30%, an increase of 10 percentage points compared to Q2.
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