Lotte Energy Materials Nears 4 Trillion Won Market Cap on Nvidia Chip Materials

Lotte Energy Materials is drawing market attention as it moves beyond its image as an electric-vehicle-related stock and begins full-scale production of materials for Nvidia chips. The company had struggled for years amid the EV chasm, a temporary slowdown in demand, but a new growth driver tied to Nvidia chip materials has come into focus. Its share price has risen by more than 150% this year, bringing its market capitalization close to 4 trillion won. Investor STIC is now expecting a major payoff after seven years of investment. The market is watching whether the shift toward semiconductor materials can lead to a reassessment of the company’s value. Source: mk.co.kr