Samsung Electronics Shares Hit Record High on AI, Chip Optimism

The Samsung Electronics booth at the IFA Consumer Electronics and Home Appliances trade fair in Berlin. Samsung Electronics Co. shares closed at an all-time high, riding investor enthusiasm for its potential in artificial intelligence chips and renewed confidence in its conventional memory business. Most Read from Bloomberg Its stock rose 6.1% to 94,400 won ($66) in Seoul on Friday, as the market resumed trading after a weeklong holiday. Shares of South Korea’s largest company are up 77% this year, pushi ...