Samsung makes massive Tesla deal
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William Blair analyst Jed Dorsheimer was all praise for Tesla Inc (NASDAQ: TSLA) $16.5 billion chip supply agreement with Samsung Electronics in an interview with CNBC today, but he won’t recommend buying the EV stock still.
Elon Musk announces major deal with Samsung for Tesla's next-gen AI6 chip, signaling renewed focus on his companies and ambitious targets.
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Tesla (TSLA) Stock Is Up, What You Need To KnowShares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4% in the afternoon session after the company announced a significant, multi-billion dollar contract with Samsung Electronics to produce its next-generation AI chips.
Investing.com -- Samsung Electronics’ newly announced W22.8tn ($16.5bn) foundry contract with Tesla (NASDAQ: TSLA) could be “a long-term growth catalyst” for the company’s chipmaking business, according to Bank of America (NYSE: BAC) (BofA) analysts.