The Economic Times

US Stock Market: Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips

Samsung Electronics shares saw a significant jump on Tuesday. This surge followed an announcement by Nvidia CEO Jensen Huang. He revealed that Samsung is manufacturing Nvidia's new artificial intelligence chips. These advanced chips are based on technology from chip startup Groq. Production is underway and shipments are expected in the latter half of this year. Samsung's manufacturing prowess is highlighted.