Samsung Electronics (OTCPK:SSNLF) is a broadly diversified company which manufactures products including smartphones, memory chips, tablets, automobile semiconductors and more. The stock has significantly underperformed its memory market rivals Micron (MU) & SK Hynix in 2024. Underperformance has been driven by the market's perception Samsung has fallen behind its rivals in high-bandwidth memory or HBM. However, as I will discuss below, the firm has been making clear progress in its HBM business and secured a recent endorsement for the tech from Nvidia's (NVDA) Jensen Huang.