New Delhi [India], September 24 (ANI): Samsung Electronics briefly climbed above the 90,000-won (USD 64.42) mark in premarket trading on Tuesday, buoyed by optimism over its high-bandwidth memory chips and upbeat broker forecasts, as per a report by the Korean Herald.

Citing data from Nextrade, the report stated that the stock rose as high as 91,000 won (USD 65) during premarket hours. Samsung closed at 84,700 won (USD 60) on the Korea Exchange on Tuesday, up 1.44 per cent from the previous close.

"The rally followed reports that Samsung's fifth-generation, 12-layer HBM3E chips had passed Nvidia's quality tests just 18 months after development, fueling hopes for stronger orders. The HBM product is expected to be used in AI accelerators such as Nvidia's B300 and AMD's MI350. Expectations

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