NC reached a new 52-week high during trading on news of its participation in an artificial intelligence (AI) defense project. This development, coupled with positive earnings forecasts from analysts, has improved investor sentiment.
According to the Korea Exchange, as of 2:27 PM, NC's stock was trading at 280,000 won, up 2,500 won (0.09%) from the previous trading day. The stock opened at 276,000 won and surged to 297,000 won at one point, marking a new 52-week high. However, some profit-taking led to a slight reduction in gains.
The stock's strength is attributed to NC AI, a subsidiary specializing in AI, which announced its collaboration with Hyundai Rotem to develop physical AI for defense applications.
On the same day, NC AI revealed that its consortium with Hyundai Rotem was selected as the final contractor for a national research and development project titled 'Integrated Simulator and Modular Robot System Based on Physical AI,' commissioned by the Agency for Defense Development (ADD).
Analysts have maintained a positive outlook on NC. Daol Investment & Securities set a target price of 350,000 won and rated the stock as a 'buy.'
In a report, analyst Kim Hye-young stated, "With the continuous success of new titles leveraging existing intellectual property, we expect revenue and operating profit to grow. The anticipation for
* This article has been translated by AI.
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