[Featured Stock] LG Group stocks close mixed, watching 'NVIDIA cooperation' (Comprehensive)

[Featured Stock] LG Group stocks close mixed, watching 'NVIDIA cooperation' (Comprehensive)

LG Group-related stocks showed mixed movements on the 24th despite expectations of cooperation with NVIDIA.

On this day, LG Electronics[066570] closed at 204,500 won, up 1.24% from the previous trading day, in the KOSPI market.

The stock started with a 0.25% increase, then surged to 209,500 won during the day before falling to 198,200 won, experiencing repeated fluctuations, but ultimately closed higher.

Previously, LG Electronics rose by 7.57% on the 22nd, buoyed by news of key LG Group affiliate executives visiting NVIDIA's headquarters in the US, but the next day, some of the expectations reversed, leading to an 11.21% plunge.

Investors appeared cautious about LG Group stocks overall, watching to see if expectations of cooperation with NVIDIA would translate into actual business performance.

Holding company LG[003550] (0.61%), preferred shares LG Corp. P[003555] (0.62%), LG Electronics P[066575] (0.83%), and LG Energy Solution[373220] (0.97%) all closed higher.

On the other hand, LG CNS[064400] (-0.88%), LG Uplus[032640] (-1.41%), and LG Innotek[011070] (-3.43%) closed lower after fluctuating during the day.

Meanwhile, a large working group consisting of about 30 people, including key LG Group executives and working-level staff from LG Electronics, LG Innotek, LG CNS, and LG AI Research, attended this NVIDIA visit.

It is known that they conducted practical discussions with NVIDIA, exploring commercialization possibilities through technical sessions and discussions on specific cooperation tasks, and identifying priority tasks to pursue.