Samsung Electronics shares surged more than 10% on Tuesday, pushing the company's market valuation above $1 trillion for the first time, as an artificial intelligence rally boosted investor sentiment.
The rally came after Samsung reported a 931% jump in first-quarter operating profit to 6.6 trillion won ($4.8 billion), driven by strong demand for AI memory chips. The company's semiconductor division returned to profit after five consecutive quarters of losses.
Analysts attributed the gains to Samsung's leadership in high-bandwidth memory (HBM) chips used in AI data centers. The company expects AI-related demand to remain robust through 2026.
Samsung's stock closed at 84,200 won on the Korea Exchange, up 10.2% from the previous session. The milestone valuation reflects growing investor confidence in the tech giant's AI strategy.
