LG Electronics Jumps 28%, Samsung Gains 5.5% Ahead of Nvidia CEO Huang’s Korea Meetings
LG Electronics shares jumped 28% and Samsung Electronics rose 5.5% ahead of Nvidia Chief Executive Officer Jensen Huang’s expected meetings with Korean executives during a June 5 visit to South Korea.
Huang is expected to meet supply-chain partners including SK Group Chair Tae-won Chey, LG Group Chair Kwang-mo Koo, Naver Chair Hae-jin Lee and Doosan Group executives, with discussions expected to span memory chips, humanoid robots, data centers and power infrastructure. LG’s stock has already quadrupled this year as investors reward the company’s shift into robotics.
From the sources (6 posts)
@dnystedtNvidia CEO Jensen Huang is expected to visit South Korea on Friday June 5, to meet with supply chain partners, including SK Group Chair Tae-won Chey (memory chips), LG Group Chair Kwang-mo Koo (CLOiD humanoid robot), Naver Chair Hae-jin Lee
@koreatimescokrNvidia CEO Jensen Huang is set to visit Korea this week, stoking expectations over the artificial intelligence (AI) platform company’s collaboration with Korean partners in the field of physical AI.
@firstsquawkLG Electronics stock rallies, up 28%.
@firstsquawkSamsung Electronics stock advances 5.5% amid strong buying interest.
@businessLG Electronics shares have quadrupled this year as investors applaud the venerable Korean appliance maker’s shift into robotics
@reutersSamsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives