Samsung stock rises on Tesla partnership
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CEO Elon Musk recently announced he will be closely involved with Samsung Electronics (OTC:SSNLF) manufacturing the EV giant's next-gen AI6 chip following a $16.5 billion deal. What Happened: Taking to social media platform X,
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.
Samsung has secured a $16.5 billion chipmaking deal with a mystery global client, boosting its foundry ambitions amid stiff AI competition and looming U.S. tariff risks.