That's because the chipmaker's business is booming. Perhaps not so much as rival Nvidia (NASDAQ: NVDA ), but fiscal first quarter results showed revenue jumped to $9.9 billion primarily due to 16% growth in its handset chip business. Even as the Apple (NASDAQ: AAPL ) iPhone 15 ramp settles down, Samsung's Galaxy S24 smartphone should provide the next leg of its road higher. The chipmaker is also benefiting from a recovery of demand in China.