LG Group stocks experienced a significant surge on June 1, driven by expectations surrounding the visit of NVIDIA CEO Jensen Huang and his meeting with LG Group Chairman Koo Kwang-mo. This rise is also attributed to a reassessment of the value of artificial intelligence (AI) and robotics businesses.
According to the Korea Exchange, as of 9:32 a.m., LG Electronics shares rose by 81,000 won (27.65%) to 374,000 won compared to the previous trading day.
LG CNS saw an increase of 29,600 won (26.01%) to 143,400 won, while the holding company LG recorded a rise of 30,500 won (20.80%) to 177,100 won.
Market attention is focused on the potential meeting between Huang and Koo. Huang is expected to visit South Korea after attending the NVIDIA annual developer conference 'GTC Taipei 2026,' which opened on the same day. He is scheduled to meet with Koo on June 5 to discuss collaboration in the field of physical AI.
Notably, NVIDIA is hosting its first 'Korea Partner Night' dinner event during the conference, raising expectations for expanded AI collaboration with major domestic companies.
Analysts suggest that LG Group is entering a phase of valuation reassessment, highlighting the growth potential of its new businesses centered around AI and robotics.
On this day, Kiwoom Securities raised its target price for LG from 115,000 won to 200,000 won. This adjustment reflects the increased net asset value (NAV) due to the rise in share prices of key subsidiaries and the likelihood of AI and robotics business values being factored in.
Analyst Ahn Young-jun from Kiwoom Securities stated, "Recent stock prices of group companies have risen as the growth potential of new businesses like AI and robotics has come to the forefront. The holding company LG can expect direct benefits not only from the increase in subsidiary values but also from the enhanced capabilities of the group's new businesses."
The ultra-large AI model 'EXAONE,' developed by LG AI Research, is also stimulating investor sentiment. Analysts believe that LG's AI technology competitiveness may be highlighted again ahead of the national AI second evaluation scheduled for August.
* This article has been translated by AI.
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