Samsung Electronics Co. shares surged on Friday, marking their best performance since January 2021, after months of decline that made the company’s stock more attractive to investors.

The world’s largest producer of microchips and smartphones saw its stock jump 8.6%, breaking a five-day losing streak. Despite the rally, the company’s shares remain 32% down year-to-date, amid concerns about missing out on the artificial intelligence boom and potential impacts of Donald Trump’s protectionist policies.

The growth was driven by a “technical rebound below the 50,000 won mark,” noted SK Kim, an analyst at Daiwa Securities. This level is considered an important psychological milestone for investors. By midday Friday, Samsung shares were trading at 53,800 won.

Bloomberg data indicates that the company’s stock trades at more than a 10% discount compared to the consensus estimate for next year’s asset value.

However, some experts remain cautious. “The weak memory market and delays in the development of high-bandwidth memory (HBM) may continue to pressure the stock. There are more attractive tech companies, especially in Taiwan,” said Sat Duhra, a fund manager at Janus Henderson Group.