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robotics/news//Reuters
Shares in South Korea's LG Electronics (066570.KS), opens new tab and some affiliates rose sharply in Monday morning trade.
LG Electronics shares surged 28% amid speculation of expanded AI and robotics cooperation with Nvidia.
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LG CNS and LG Corp shares climbed 25% and 21% respectively on similar speculation.
South Korean media report Nvidia CEO Jensen Huang will visit South Korea later this week.
Huang is expected to meet LG Group chairman Koo Kwang-mo during his South Korea visit.
SEOUL, June 1 (Reuters) - Shares in South Korea's LG Electronics (066570.KS), opens new tab and some affiliates rose sharply in Monday morning trade, on investor hopes for expanded cooperation in physical AI and robotics with Nvidia (NVDA.O), opens new tab, according to media reports.
Shares in LG Electronics rose 28%, while LG CNS (064400.KS), opens new tab and holding company LG Corp (003550.KS), opens new tab rose 25% and 21%, respectively, in morning trade.
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"The stock prices of LG Group companies have recently risen as new businesses such as AI and robotics have been put under the spotlight," Kiwoo Securities' analyst Ahn Young-joon said in a note on Monday.
South Korean media reported last week that Nvidia CEO Jensen Huang is expected to visit South Korea later this week and meet, among others, LG Group chairman Koo Kwang-mo.
Reporting by Joyce Lee Editing by Ed Davies