Samsung Electronics (KRX: 005930) jumped nearly 7% on Monday, punching through resistance and setting a fresh 52-week high after confirming it had secured a high-profile chip supply contract with Tesla. The deal puts Samsung right back in the center of the AI hardware race, and traders didn’t waste time pricing that in.
The chipmaker’s stock closed at ₩70,400, up ₩4,500 on the day, as buyers rushed in following confirmation that it will manufacture key components for Tesla’s self-driving systems. The rally also marks Samsung’s best single-day move in months, and the kind of breakout bulls had been watching for.
Samsung Stock Jumps as Foundry Unit Lands Tesla Contract
Tesla’s next-generation Full Self-Driving platform is expected to rely on custom chips with extreme performance requirements. According to early reports, Samsung’s foundry division will handle part of the production, signaling a critical win in its battle against TSMC and Intel for advanced logic chip market share.
This isn’t just a headline, it’s a shift. Samsung has struggled with memory chip oversupply and weak demand from handset clients in recent quarters. The Tesla win resets the conversation, bringing AI and automotive chips front and center.
Foreign buying accelerated after the news broke, with volumes surging well above the 20-day average. Sentiment has flipped, and now the debate is whether ₩75,000 is on the cards before earnings.
Samsung Stock Chart Analysis
- Current Price: ₩70,400
- Resistance Zones: ₩72,000, then ₩75,000
- Support Levels: ₩68,000, then ₩65,500
- Stock blasted through the ₩68,000 ceiling on strong volume, a clear breakout confirmation
- The daily RSI is over 75 but climbing, suggesting momentum remains intact despite overbought risk
- Short-term moving averages have curled upward, adding fuel to the bullish trend
- Sustaining above ₩70,000 could open a fast-track move to ₩72,000 and beyond
- A failure to hold this zone could trigger a technical pullback to ₩68,000 or lower
Outlook: Can the Samsung Share Price Hold the Breakout
With chips now back in focus, and Samsung grabbing headlines for all the right reasons, bulls are asking whether this is the beginning of a multi-month rally. Tesla’s vote of confidence in Samsung’s tech could attract more high-end foundry clients, especially in AI and automotive.
But it’s not just about Tesla. If the company follows this with additional contract wins or margin expansion in foundry services, Samsung stock could reprice sharply higher. For now, ₩70,000 is the new battleground, and bulls have the upper hand.
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