Samsung Electronics is trading 3.42% up at KRW 287,500 as reports indicate Chairman Lee Jae-yong is set to meet Nvidia CEO Jensen Huang by the end of July to discuss increased cooperation in chipmaking and artificial intelligence.
- This news comes as Samsung previously issued strong preliminary Q2 2026 guidance, projecting an operating profit of approximately 89.4 trillion won, an estimated 19-fold increase compared to the previous year.
- Nvidia is expected to play a significant role in Samsung's AI buildout and become a larger buyer of Samsung's memory products.