Samsung Stock Soars 27% as Korea's AI-Chip Rally Breaks Records

Price ActionEarnings Impact 4

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Samsung Electronics soared approximately 27% during Friday's Seoul session as Korean AI-chip stocks staged a record rebound. SK Hynix climbed 30% to the market's daily limit, helping lift South Korea's Kospi index 17.9%, its largest one-day percentage gain since records began in 1985. The rally followed earnings and spending announcements from large U.S. technology companies that reinforced expectations for continuing AI-computing demand, with Amazon raising planned 2026 capital expenditure to approximately $220 billion and Microsoft forecasting stronger-than-expected Azure cloud growth. Memory suppliers may benefit because expanding data centers require high-bandwidth memory and conventional server memory alongside processors. The Kospi still declined approximately 22% during July despite Friday's record gain, and SK Hynix remained more than 40% below its recent record even after reaching the daily price limit.