2023-05-28 03:01:17
[대한경제=문수아 기자] Expectations for a recovery in Samsung Electronics and SK Hynix’s earnings have also grown as US Nvidia, a semiconductor company that benefits from artificial intelligence (AI), produced good results. Nvidia supplies more than 90% of the semiconductors used for AI development.
According to the industry on the 28th, Nvidia’s recently announced first quarter (February-April) sales were $7.19 billion (regarding 10 trillion won), exceeding market expectations by regarding 10%.
Nvidia has significantly increased its sales target for the second quarter by expanding production as demand for AI chips has increased significantly. Nvidia’s sales forecast for the second quarter (May-July) was $11 billion, which is more than 50% higher than the market forecast.
The market reacted quickly to Nvidia’s strong performance and confidence in its future performance. On the 25th, the day following the earnings announcement, Nvidia’s share price closed at $379.80, up 24.37% from the previous trading day. Due to the Nvidia effect, Samsung Electronics closed at 70,300 won in the stock market on the 26th, up 2.18% from the previous trading day. Since March 29 last year (70,200 won), it has been 14 months since the closing price exceeded 70,000 won. SK Hynix also closed at 109,200 won, up 5.51 percent on the same day. During the market, it soared to 110,500 won and rose to 110,000 won in a year since May 25 last year (110,000 won).
With Nvidia’s good performance, Samsung Electronics and SK Hynix’s annual performance forecast is also getting better than before.
Hi Investment & Securities raised its operating profit forecast for Samsung Electronics this year from 11.2 trillion won to 11.9 trillion won in a report on the 26th. In addition, SK Hynix’s operating loss forecast was reduced from 11.7 trillion won to 10.9 trillion won. Orders for memory semiconductors from PC customers and Chinese smartphone makers have been recovering since March, and IT set sales and semiconductor orders are expected to increase in earnest following the end of the third quarter.
Song Myeong-seop, a researcher at HI Investment & Securities, predicted, “Currently, almost all leading economic indicators have turned upward.”
Reporter Moon Soo-ah moon@
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