Nvidia CEO Jensen Huang expressed optimism, Tuesday (local time), about Samsung Electronics’ efforts to supply its most advanced high-bandwidth HBM memory chip to his company. However, Huang stressed the need for the Korean chipmaker to 'engineer a new design.

Samsung Electronics , the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips.

South Korea's Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers.

Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.

Samsung Electronics estimated on Wednesday a 131% jump in fourth-quarter operating profit from a year earlier but missed analyst estimates by a large margin as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.

Samsung Electronics (OTCPK:SSNLF) released an operating profit estimate of about 6.5T won (around $4.47B) for the fourth quarter of 2024, which was seen below analysts' estimates. Shares of the company rose about 3% on the Korea Exchange on Wednesday.