Samsung Gives Its Slumping Stock a Jolt

Samsung Gives Its Slumping Stock a Jolt · The Wall Street Journal

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Having a $74 billion cash pile is quite handy when you are facing a plethora of problems, as technology giant Samsung Electronics has found out. Samsung’s shares surged 6% Monday after the company announced a surprise $7.2 billion share buyback on Friday. Samsung, still the world’s largest memory chip maker, has yet to get certification from Nvidia for the latest generation of HBM chips.