On September 18, CSOP Samsung Electronics Daily (2x) Leveraged Product rose 5.05% in regular trading, reaching 72.56 HKD with turnover of approximately HKD 152 million. The rally was driven by underlying strength in Samsung Electronics, which gained nearly 3% on the Korean exchange, while SK Hynix advanced 3.6%.
On the news front, Citi raised its operating profit forecasts for Samsung Electronics by 6% and 9% for the coming two fiscal years, maintaining a Buy rating with a target price of KRW 430,000. The bank highlighted that as AI transitions into a \"continuous learning\" era, demand for HBM, server DRAM, and enterprise SSDs is surging simultaneously, with storage chip shortages potentially persisting through 2031.
Additional catalysts have supported sentiment in recent sessions. Samsung unveiled its next-generation zHBM memory technology at the AI Infrastructure Summit, targeting a 10x improvement in AI accelerator response speeds. Separately, Samsung and Qualcomm reportedly restarted discussions on 2nm foundry cooperation, with further clarity expected around September 22.
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(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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