South Korean tech giants Samsung Electronics and LG Electronics saw their shares surge on Monday.

Synopsis South Korean tech giants Samsung Electronics and LG Electronics saw their shares surge on Monday. Hopes for AI and robotics collaborations with Nvidia CEO Jensen Huang fueled the rally. South Korea's semiconductor exports also hit a record high in June, driven by the AI boom. Huang's upcoming visit to meet Korean executives is highly anticipated. Shares in Samsung Electronics , LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Chipmaker Samsung Electronics was also buoyed by data that ‌South Korea's semiconductor ⁠exports surged ⁠to a record high in June on the AI boom, helping the country's total exports post their biggest rise in over four decades. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and other Korean executives, a person with knowledge of the matter said. S&P 500 Top Gainers Dell Technologies420.91(32.76%) NetApp174.29(22.39%) ServiceNow124.37(14.38%) IBM297.80(12.71%) S&P 500 Top Losers Coterra Energy32.56(-8.62%) Clorox90.02(-6.42%) ResMed190.57(-6.32%) Intel114.68(-5.14%) Nvidia also plans to hold a "Korean Partner Night" event on the ⁠sidelines of ‌the COMPUTEX trade show in Taipei on Monday, which Jensen and executives from chipmakers Samsung and SK Hynix and other companies ⁠will attend. Samsung Electronics shares jumped 9.5%, lifting its market value above 2,000 trillion won ($1.32 trillion). LG Electronics, a maker of home appliances and TVs which is expanding into robotics, jumped 28%. "Jensen's visit to Korea has a major implication. Nvidia needs Korea," Jeff Kim, an analyst at KB Securities, said. Live Events Nvidia said last year that it will supply more than 260,000 of its most advanced AI chips to ‌South Korea's government and some of the country's biggest businesses, including Samsung Electronics and Hyundai Motor Group. Separately, Samsung Electronics said on Friday it started shipping samples of ⁠its latest high-bandwidth memory (HBM) chip to customers, pulling ahead of rivals in distributing a new version of the product critical to AI data centers. Samsung's customers include major AI players like Nvidia. Samsung has been valued at a discount to SK Hynix due to its weaker competitiveness in HBM, but the news appears to be supporting share price gains, BNK Investment & Securities analyst Lee Min-hee said. ($1 = 1,514.1400 won) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless Different eras, but current rupee slide has elements of 1991 crisis Down 30% in 1 year, are AI-hit Infy, TCS still value stocks? Wafers to war: Vinay Dube on how Iran crisis is hitting Akasa Stock-linked pay for UGRO promoter raises governance concerns An unusual skill shortage that’s stalling govt’s PNG push Stock Radar: AIA Engineering hits fresh 52-week high in May post breakout; time to buy? 1 2 3

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