Nvidia's Huang Sparks Surge in South Korean Robotics Stocks

South Korean robotics stocks experienced a surge after Nvidia CEO Jensen Huang praised the country's tech potential in robotics. Huang sees Korea as a vital partner for investment in the burgeoning field of physical AI, leading to a significant stock rise for key sector players such as Doosan Robotics and Robostar.

South Korean robotics stocks saw a dramatic rise on Tuesday following enthusiastic remarks from Nvidia CEO Jensen Huang about the nation's technological potential in robotics. This report comes from The Maeil's English news service, Pulse.

Huang is optimistic about the future of physical AI and humanoid robots, and he emphasized substantial investments in building these technologies with Korea as a key partner. Shares of Doosan Robotics Inc. soared by 8.16 percent, Robostar Co. surged by 18.25 percent, and Yuil Robotics Co. climbed 5.39 percent. During Nvidia's flagship conference, GTC, in Taiwan, Huang highlighted the strategic importance of robotics for Korea, expressing hope that Nvidia could significantly contribute to Korea's robotics development.

Additionally, the report conveyed that Korea holds considerable potential in robotics technology but confronts a 'shortage of hands and feet,' meaning its labor force is limited. AI and robotics, he suggested, could unleash Korea's potential. SK Telecom's shares also experienced a sharp increase following Nvidia's announcement of its collaboration in developing physical AI.

Huang also demonstrated SK Telecom's digital-twin technology running on Nvidia's Omniverse platform. Despite the surge, some stocks witnessed profit-taking as investors capitalized on substantial gains amid ongoing tech stock rallies.

Tech giants Samsung and SK Hynix experienced significant volatility, influenced by investors' profit-booking strategies following a recent upswing in tech stocks. Nvidia's expansion into the robotics domain seeks to tap into the immense possibilities of physical AI, with plans to build partnerships in the US, Europe, and Korea, beyond its existing ties with China's Unitree.