Hyundai Motor Shares Rally Amid Hopes For Robotics-Valuation Boost
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Hyundai Motor shares surged 8.8% to 521,000 won amid expectations of a valuation boost from its U.S. robotics unit, Boston Dynamics. The stock has risen over 70% this year, elevating Hyundai's market cap above 100 trillion won. Analysts predict that the deployment of 30,000 Atlas robots could generate $4 billion in revenue by 2028, significantly enhancing Hyundai's valuation. Boston Dynamics is projected to be valued at 53.3 trillion won in 2027, potentially adding 14.4 trillion won to Hyundai's valuation, with further increases expected by 2035.
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