Domestic semiconductor giants Samsung Electronics and SK Hynix showed strong gains in early trading, despite a sharp decline in Nvidia shares following the resignation of CEO Jensen Huang.
As of 9:40 a.m., Samsung Electronics was trading at 212,750 won, up 4,750 won (2.28%) from the previous day. SK Hynix also rose by 32,000 won (2.55%) to 1,286,000 won.
Samsung Electronics' preferred shares increased by 4,450 won (2.64%) to 172,750 won, while SK Square saw a rise of 3,000 won (0.38%) to 794,000 won.
In contrast, the New York stock market experienced a downturn due to Nvidia's management uncertainty and a surge in international oil prices. On November 12, the Dow Jones Industrial Average fell by 0.36%, the S&P 500 dropped by 0.35%, and the Nasdaq Composite declined by 0.39%. The Philadelphia Semiconductor Index also decreased by 0.54%.
Nvidia shares plummeted over 13% in early trading following the unexpected resignation of CEO Jensen Huang, but the stock later reduced its losses to close down 4.34%. Investor concerns grew regarding the impact of this leadership change on the overall AI semiconductor market.
However, not all U.S. semiconductor stocks were weak. Competitors AMD and Broadcom saw increases of 5.86% and 5.54%, respectively. This suggests that major tech companies may diversify their AI semiconductor supply chains in response to Nvidia's management uncertainties.
In South Korea, the perception that Nvidia's executive changes will not directly lead to a slowdown in AI industry demand has attracted buying interest in domestic semiconductor stocks. Additionally, recent declines have prompted bargain-hunting, and optimism regarding the memory semiconductor market is also supporting stock prices.
* This article has been translated by AI.
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