Korean robotics shares surge after Nvidia boss Jensen Huang's praise for country's tech prowess
Seoul, June 2 -- South Korean robotics stocks surged on Tuesday after Nvidia CEO Jensen Huang expressed optimism about the country's tech prowess in the robotics industry, reported The Maeil's English news service Pulse.
Huang sees physical AI and humanoid robots as the next big frontier and is massively investing in building them, and sees Korea as a partner.
Shares of Doosan Robotics Inc. also rose 8.16 per cent, Robostar Co. gained 18.25 per cent, and Yuil Robotics Co. climbed 5.39 per cent.
"I believe robotics is very important for Korea," a Pulse report quoted Huang as saying during the company's flagship conference, Nvidia GTC, in Taiwan. "I hope Nvidia can contribute to the development of robotics in Korea as well," he added.
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