Nvidia CEO Sparks $12.8 Billion South Korea Stock Surge Ahead AI Chip Expansion

Nvidia recently achieved a historic $5 trillion market capitalization, fueled by strong demand for its AI-focused Blackwell GPUs and a surge in its stock price, which has risen over 50% this year. Analysts have become increasingly optimistic, with price targets reaching as high as $350 per share, reflecting expectations of massive AI adoption and $500 billion in anticipated chip orders through 2026. This momentum coincides with Nvidia CEO Jensen Huang's high-profile visit to South Korea, where he dined with Samsung and Hyundai executives, sparking a viral event dubbed "Jensanity" that boosted South Korean fried chicken stocks and symbolized burgeoning AI partnerships. Nvidia committed to supplying over 260,000 advanced AI GPUs to South Korean firms and government initiatives, significantly expanding the country's AI infrastructure and reinforcing its position in the global tech landscape. The excitement from these developments has contributed to South Korea's Kospi Index surging 20% in October, driven by optimism over AI manufacturing and innovation. Overall, Nvidia's leadership in AI technology, combined with strategic collaborations in South Korea, is shaping both markets and investor sentiment worldwide.