According to the Korea Exchange, Samsung Electronics closed trading at 181,200 won that day.
This marks the first time the stock has traded in the 180,000 won range based on regular trading hours.
During intraday trading, the stock briefly climbed to 184,400 won, increasing the company’s market capitalization to approximately $84.92 billion (1.22565 trillion won).
Based on data compiled by Yahoo Finance, Samsung Electronics’ global market capitalization ranking rose to 14th, surpassing JPMorgan Chase.
The recent stock surge is widely attributed to the company’s announcement that it has begun mass production of sixth-generation High Bandwidth Memory (HBM4), an industry first.
Online investment communities quickly filled with posts celebrating the gains, including comments like “Finally, profits!” and “Holding strong, heading to 200,000 won!”
An artificial intelligence-generated image featuring Samsung Electronics Executive Chairman Lee Jae-yong has also gained significant attention. The image depicts Lee seated in a sports car amidst flames, proclaiming, “No time to explain, get on [Samsung Electronics stock] now.” This meme portrays Lee as a rescuer.
As the stock reached the unprecedented ‘180,000 won’ mark, securities firms promptly began revising their target prices upward.
KB Securities projected Samsung Electronics’ operating profit to quadruple year-over-year to 170 trillion won, driven by rising memory prices, and raised its target price to 240,000 won.
Kyobo Securities set a target price of 220,000 won, while Nomura Securities increased its target range from 220,000 won to 290,000 won.
Kim Dong-won, head of research at KB Securities, noted, “Samsung Electronics accounts for approximately 9% of the operating profit of the world’s top 10 companies, but its market capitalization represents only 3%,” adding, “There is significant potential for further growth in the company’s value.”
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[저작권자(c) YTN 무단전재, 재배포 및 AI 데이터 활용 금지]
