In the morning on the 2nd, Hyundai AutoEver shares are up more than 17%. Hyundai AutoEver is the mobility and software affiliate of the Hyundai Motor Group.
As of 9:32 a.m. that day, Hyundai AutoEver is trading at 230,500 won on the Korea Exchange, up 33,700 won (17.12%) from the previous session.
It is seen as a buying rush on news that the company secured a portion of the graphics processing units (GPUs) discussed with Nvidia.
According to the Ministry of Science and ICT that day, the government recently received and brought into the country more than 13,000 latest GPUs, including "Blackwell," from Nvidia. This is part of the 260,000 next-generation GPUs that Jensen Huang, Nvidia chief executive officer (CEO), promised to supply to Korea during the Asia-Pacific Economic Cooperation (APEC) summit in Oct.
Lee Hyun-uk, an IBK Securities researcher, said, "Although the new business related to Nvidia GPUs has not yet reached the stage of presenting a concrete plan, there is a possibility of expansion beyond simply acting as an equipment purchasing agent to forms such as leasing and GPU-as-a-Service," and added, "This is a factor that will increase investment appeal going forward."