The AI model Gemini 3, powered by Google’s TPU, is spurring positive forecasts for Samsung Electronics. Analysts from KB Securities and others have set a target price of 160,000 won for Samsung, reflecting a 55.6% increase from its recent closing of 102,800 won. This surge in expectations follows disclosures about Google’s TPU, with SK Securities predicting a peak target of 170,000 won, highlighting Samsung’s memory production capabilities. As Google’s TPU enhances the AI ecosystem, analysts anticipate a significant rise in Samsung’s memory supply, notably HBM3E and HBM4, which could double year-on-year. This represents a pivotal shift in the AI market from Nvidia to Google. With demand for server DRAM projected to grow 35% by 2026 against a 20% supply increase, Samsung stands to gain substantially, especially in general DRAM products like DDR5. Operating profits are predicted to rise by 129% to nearly 100 trillion won in 2026.
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