UPDATE 1-LG shares rally on hopes for AI, robot cooperation with Nvidia, media says

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SEOUL, June 1 (Reuters) - Shares in South Korea's LG Electronics 066570.KS and some affiliates rose sharply in Monday morning trade, on investor hopes for expanded cooperation in physical AI and robotics with Nvidia NVDA.O, according to media reports.

Shares in LG Electronics rose 28%, while LG CNS 064400.KS and holding company LG Corp 003550.KS rose 25% and 21%, respectively, in morning trade.

"The stock prices of LG Group companies have recently risen as new businesses such as AI and robotics have been put under the spotlight," Kiwoo Securities' analyst Ahn Young-joon said in a note on Monday.

South Korean media reported last week that Nvidia CEO Jensen Huang is expected to visit South Korea later this week and meet, among others, LG Group chairman Koo Kwang-mo.


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