Hyundai Motor Group shares rose together in early trading on the 13th. With semiconductor stocks pausing for the moment, buying sentiment appears to be flocking to physical artificial intelligence (AI) and robotics stocks.
As of 9:51 a.m. that day, Hyundai Motor shares were trading at 676,000 won on the Korea Exchange, up 28,000 won (4.64%) from the previous session.
Hyundai AutoEver and Hyundai Mobis were also surging by about 6% and 8%, respectively.
With AI-related semiconductor stocks pausing for the moment, investor sentiment appears to be concentrating on physical AI and robotics-related stocks.
The securities industry is also giving a positive assessment of Hyundai Motor's robotics business. KB Securities projected that Boston Dynamics, a subsidiary of Hyundai Motor, will sell 1.5 million units per year of high-end humanoids priced around $190,000 in 2035, achieving a 10% market share.
Kang Sung-jin, an analyst at KB Securities, said, "Hyundai Motor is effectively leading Hyundai Motor Group's physical AI strategy," adding, "Hyundai Motor's 12-month forward price-earnings ratio (PER) is 15.9 times, and considering that Hyundai Motor Group is at the forefront of commercializing humanoids and that it is one of the few automakers independently developing Autonomous Driving, this is a highly attractive valuation."