Investing.com — stock surged 8.8% on Friday, recovering sharply from the prior session’s steep decline amid a combination of bargain buying and continued enthusiasm over the company’s artificial intelligence prospects.
The rebound follows a session in which the stock plummeted sharply as part of a market-wide collapse that triggered circuit breakers on the .
The prior session’s losses in Samsung and peer saw the KOSPI index close down sharply, with selling in highly leveraged single-stock ETFs amplifying the move — a dynamic that South Korea’s financial regulator publicly acknowledged concern over. Today’s sharp rebound reflects a combination of technical short-covering after extreme panic, alongside bargain hunters and short-term funds chasing the recovery simultaneously driving a retaliatory rally.
Despite the prior session’s losses, the KOSPI had remained the best-performing major stock index in the world with year-to-date gains of nearly 100%, buoyed chiefly by tech and chipmaking stocks tied to AI as investors piled into Samsung and SK Hynix amid signs of a major windfall from the fast-growing technology. With the stock still trading well below its 52-week high of 374,500 won, today’s move reflects a market recalibrating around the durability of Samsung’s AI memory franchise and the tangible shareholder return commitment represented by the buyback program.
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