Hyundai Shares Surge on Nvidia Collaboration Speculation

Record Price Driven by AI Chipmaker Partnership Rumors

Hyundai Motor's shares achieved a record high after surging nearly 15% in a single trading session, significantly outperforming the broader KOSPI index's 1.2% gain. The dramatic increase was fueled by market speculation regarding potential deeper collaboration between Hyundai and Nvidia, the leading AI chip manufacturer.

CES Showcase Adds to Speculation

The share price surge followed Hyundai's presentation at the Consumer Electronics Show (CES) in Las Vegas, where they showcased their humanoid robot Atlas. While the demonstration generated significant interest, analysts remain skeptical about the immediate financial impact. Kiwoom Securities analyst Shin Yoon-chul noted that the planned production of 30,000 Atlas robots by 2028 and the current prototype stage may not justify the substantial valuation increase.

Market Reaction and Future Outlook

The market reaction highlights the strong investor interest in Hyundai's potential expansion into AI and technology sectors through possible collaboration with Nvidia. While the current speculation has driven the share price to new heights, investors will be closely monitoring any official announcements regarding potential partnerships and their implications for Hyundai's financial performance.