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The South Korean stock market closed lower, but recorded the largest weekly gain in two months this week.
On Friday, South Korea's composite stock price index closed down 0.24%, at 2515.78 points; the Index rose 3% this week, marking the third consecutive week of gains, the largest weekly increase since mid-November 2024. South Korea's acting president Choi Sang-mok stated that the government will do everything possible to stabilize the economy and monitor the financial markets around the clock to take action when necessary. Hyundai Autos surged 6.1% as the company reached a cooperation agreement with NVIDIA on AI technology. Kia Autos rose 2.23%. However, most other index-weighted stocks fell, including chip manufacturers, Battery manufacturers, E-Commerce companies, and
Taiwan Semiconductor's quarterly revenue exceeded expectations, boosting the AI outlook for 2025.
Taiwan Semiconductor's quarterly sales exceeded expectations, reinforcing investor expectations that the surge in AI Hardware spending will continue until 2025. According to Taiwan Semiconductor's disclosed monthly data, revenue for the October-December period grew by 39%, reaching 868.5 billion New Taiwan dollars (26.3 billion US dollars). The average estimate from Analysts was 854.7 billion New Taiwan dollars. Taiwan Semiconductor manufactures chips for NVIDIA and Apple. The company's strong performance supports investor expectations that large Technology companies, from Alphabet Inc. to Microsoft, will continue to rapidly build and upgrade Datacenter to accelerate AI development. This month, AI services...
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Joining forces with NVIDIA to boost market optimism, MediaTek's stock price is expected to reach a seven-month high.
Strengthening cooperation with NVIDIA has pushed investors' optimistic sentiment regarding MediaTek's AI growth potential to a new level, and MediaTek's stock price is expected to reach a new high in seven months.
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Hyundai Motor Group Partners With Nvidia to Advance AI-Driven Mobility
Hyundai Motor Group announced a strategic partnership with NVIDIA.
South Korea's Hyundai Motor Group announced on Friday that it has entered into a strategic partnership with USA's NVIDIA to develop advanced AI technologies related to future mobility. Hyundai Motor Group stated that the cooperation agreement signed on Thursday local time in Las Vegas, USA, will strengthen core mobility solutions such as software-defined vehicles and Siasun Robot&Automation technology, and expand the application of AI technologies across all business areas. Specifically, Hyundai plans to utilize Digital Twin technology to simulate the construction and operation of new factories in a virtual environment. Through this approach, Hyundai will leverage NVIDIA's Digital Twin platform.
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Express News | S&P 500 Eminis Fall 0.6%, Nasdaq Futures Down 0.8%
Nvidia's Tiny $3,000 Computer Steals the Show at CES
Everbright: NVIDIA (NVDA.US) Cosmos model may open the era of physical AI for Siasun Robot&Automation.
Currently, humanoid Siasun Robot&Automation's balance and movement capabilities have generally reached a mature level, with the core factor restricting the further expansion of the Industry being training, especially the training for achieving further capability generalization.
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