Samsung Electronics stock jumped over 7% on Monday following the company’s announcement of a buyback plan. The surge adds to Friday’s more than 7% gain after Samsung reached a preliminary agreement with its largest workers union, which went on strike in July. Shares had recently hit a four-year low amid disappointing third-quarter guidance and U.S. tariff concerns. Samsung faces challenges in the semiconductor market, with analysts noting its lag behind SK Hynix in high-bandwidth memory chips used by Nvidia.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Samsung Electronics' stock jumped over 7% on Monday following the company's announcement
00:07of a buyback plan. The surge adds to the Friday's more than 7% gain after Samsung
00:12reached a preliminary agreement with its largest workers' union, which went on strike in July.
00:17Shares had recently hit a four-year low amid disappointing third-quarter guidance and U.S.
00:22tariff concerns. Samsung does also face challenges in the semiconductor markets,
00:27with analysts noting its lag behind SK Hynix and high-bandwidth memory chips used by NVIDIA.