[Stock Focus] Hyundai Motor Rises Over 3% After "Backflip" Atlas Video Release

Hyundai Motor shares were showing a rally of more than 3% in early trading on the domestic stock market on the 10th. This came as technology stocks rebounded on the U.S. New York stock market overnight, led by artificial intelligence (AI), and as expectations for robotics, a future growth engine, increased following the release of a new training video of Hyundai Motor Group's humanoid robot "Atlas."

As of 9:20 a.m. that day, Hyundai Motor was trading at 493,500 won, up 3.24% from the previous session. At the same time, other Hyundai Motor Group-related stocks such as Hyundai Autoever (up 8.15%) and Hyundai Mobis (up 0.57%) were also on the rise.

This is seen as being driven by the impact of the recently released new training video, in which the robot Atlas performs a side flip and a backflip in succession, showing that it has moved one step closer to real-world deployment.

In a report published that day, Kim Jiyoon, an analyst at KB Securities, said, "The video was more than a simple technology demonstration; it was a test of whether the intelligence that Atlas had learned in simulation could be applied in the real world without additional modification," adding, "Boston Dynamics and the RAI Institute (an affiliate of Hyundai Motor) stated that this video would be the final stage for the research-use Atlas, signaling that the transition to a mass-production Atlas has begun."

Kim added, "Hyundai Motor has a clear robotics vision, yet its market capitalization is only one-twentieth that of Tesla, making it a strong alternative for physical AI investment," while maintaining a "Buy" investment rating on Hyundai Motor and a target price of 800,000 won.

Yonhap News Agency

In addition, the sharp rise of AI-related stocks on the New York stock market overnight also had a positive impact on domestic investor sentiment. With all three major New York stock indexes closing higher, the KOSPI began trading that day by breaking above the 5,300 level.