Samsung soars more than 5% after report of Nvidia considering its next-gen chips

Shares of South Korean heavyweight Samsung Electronics soared more than 5% after chip giant Nvidia reportedly said the South Korean chipmaker's high bandwidth memory chips were in the "qualifying" stage for use in Nvidia's graphics processing units.

This comes after rival SK Hynix announced that it was set to deliver its high-bandwidth memory (HBM) chips to customers, with Reuters saying that Nvidia would be its first client.

Shares of SK Hynix plunged as much as 3.56% on Wednesday.

Samsung's daily gain Wednesday was the largest percentage jump the stock has seen since September, according to Reuters data.

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