Kyobo Securities raised its target price for Hyundai Motor Company to 900,000 won (US$613,96) on March 3 and maintained a Buy rating.

Kyobo said Nvidia launched Alpamayo, an autonomous driving AI model, which is prompting a re-rating of traditional automakers.

A researcher at Kyobo said Hyundai could leverage the Nvidia ecosystem, key personnel mobility, GPU supply, and its leading position in software-defined vehicle development to accelerate autonomous driving productization.

Kyobo also noted Hyundai’s mass production infrastructure and hardware platform for data collection could position it as a foundry for physical AI with long-term platform moat sharing with big tech.

🔗 Source: Chosun Daily