Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand

The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won , according to LSEG data. Samsung shares closed at 84,600 on Thursday.

"Samsung announces earnings surprise but mainly the earnings upside is from memory price high," said SK Kim of Daiwa Capital Markets. The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won , according to LSEG data. Samsung shares closed at 84,600 won on Thursday. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"Samsung announces earnings surprise but mainly the earnings upside is from memory price high. So ironically, Samsung is lagging behind in HBM production. So supply to Nvidia –the qualification – has been delayed," SK Kim, executive director of Daiwa Capital Markets, told CNBC's"Street Signs Asia" on Friday.

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