US EditionA Fried Chicken Outing Just Moved Markets — How Nvidia CEO’s Viral Pic with Samsung, Hyundai Heads Sparked Stock Rally
The leaders' casual dinner sparked a surge in fried chicken stocks, with Kyochon F&B rising 20% and Cherrybro hitting a 30% daily limit, market watchers said.
- On Oct 30, Nvidia chief executive Jensen Huang, Samsung Electronics chairman Lee Jae-yong and Hyundai Motor Group executive chairman Chung Euisun dined together at Kkanbu Chicken in southern Seoul around 7.30pm.
- Huang is in Korea to attend the APEC CEO Summit and visits for the first time in 15 years before Nvidia finalises AI chip deals with four major Korean conglomerates.
- The gathering featured lighthearted moments and lasted about 80 minutes, ending with the three executives handing out leftover chicken to onlookers around 8.35pm.
- Markets reacted immediately as shares of fried chicken-related firms surged when photos circulated widely on social media, with Kyochon F&B up about 200%, Cherrybro hitting the daily limit, and Neuromeka soaring.
- Samsung Electronics disclosed it is supplying Nvidia with HBM3E chips and sending HBM4 samples, which can exceed speeds of 11 gigabits per second, with supplies expected in the fourth quarter and increased production next year.
19 Articles
19 Articles
Three billionaires dropped by a fried-chicken joint—and Jensen Huang bought everyone dinner
On Thursday evening, Nvidia CEO Jensen Huang joined Samsung Electronics executive chairman Lee Jae-yong and [hotlink]Hyundai Motor[/hotlink] Group executive chair Chung Eui-sun for fried chicken and beer at a small restaurant in Seoul’s Gangnam District.The outing—which appeared, according to local reports, to be equal parts publicity stunt, cultural gesture, and celebration of potential new AI partnerships—drew throngs of spectators with flashi…
Jensen Huang’s stardom meal takes over Korea
Nvidia CEO Jensen Huang’s rock stardom stormed South Korea, and he brought the usually staid corporate titans there along with him. He was joined Thursday by Hyundai Executive Chairman Chung Eui-sun and his counterpart at Samsung Electronics, Lee Jae-yong, for a meal together at a local fried chicken and beer joint as hundreds gathered outside for a glimpse of them. Huang was dressed in his usual outfit of a black shirt (though he took off his s…
A fried chicken outing just moved markets — How Nvidia CEO’s viral pic with Samsung, Hyundai heads sparked stock rally
Nvidia CEO Jensen Huang dined with Samsung's Jay Y Lee and Hyundai's Chung Euisun at a Korean fried chicken joint in South Korea — and the internet and the stock market went wild.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
