Shares of major LG Group affiliates are experiencing gains amid rising expectations for collaboration with Nvidia in artificial intelligence (AI).
According to the Korea Exchange, as of 9:27 a.m. on June 22, LG Electronics shares rose by 23,000 won (10.87%) to 234,500 won. At the start of trading, the stock surged to 238,500 won. LG CNS shares increased by 8,600 won (10.02%) to 94,400 won, while LG Innotek shares rose by 19,000 won (1.66%) to 1,164,000 won.
The strong performance of LG Group stocks is attributed to news of intensified discussions for further collaboration with Nvidia.
According to financial industry sources, executives and staff from major LG Group affiliates visited Nvidia's headquarters in the United States on June 22 (local time) to discuss collaboration opportunities in physical AI and robotics. This visit is seen as a follow-up to a meeting between LG Group Chairman Koo Kwang-mo and Nvidia CEO Jensen Huang on June 8. The market views this visit as a step toward solidifying cooperation in areas such as physical AI and future mobility.
* This article has been translated by AI.
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