Dynamic movement demonstration. Boston Dynamics on the 5th (local time) released a video on YouTube showing its humanoid “Atlas” performing gymnastics. It is the first time footage of the development model intended for deployment on manufacturing floors has been made public. Yonhap News
Hyundai Motor Group stocks tied to physical artificial intelligence (AI) rallied broadly on Thursday, lifted by growing expectations of an initial public offering by its robotics subsidiary Boston Dynamics.
According to the Korea Exchange, Hyundai Motor (005380.KS) was trading at 698,000 won at 2 p.m. on the 13th, up 8.05% from the previous session. The stock hit an all-time high of 710,000 won during intraday trading, surpassing its previous closing high of 674,000 won. At the same time, Hyundai Mobis (012330.KS) and Hyundai AutoEver (307950.KS) also hit record highs, surging 17.52% and 12.36%, respectively.
Hyundai Motor Group shares have rallied since Boston Dynamics released the first video of a development model of its humanoid “Atlas” on its YouTube channel on the 5th (local time). In the video, Atlas started in a handstand position and performed an advanced maneuver, supporting its entire body with only its hands while keeping its body horizontal. Analysts said the footage showcased Boston Dynamics’ ability to steadily support the humanoid’s full weight on a small contact area.
Securities analysts are positive on Hyundai Motor’s robotics business. KB Securities projected that Boston Dynamics would sell 1.5 million high-end humanoids priced at around $190,000 annually by 2035, capturing a 10% market share.
“Hyundai Motor’s 12-month forward price-to-earnings ratio (PER) is 15.9 times, which is a very attractive valuation given that Hyundai Motor Group is at the forefront of humanoid commercialization and is one of the few automakers independently developing autonomous driving technology,” said Kang Seong-jin, an analyst at KB Securities.
Lim Eun-young, an analyst at Samsung Securities (016360.KS), also said, “Hyundai Motor remains the top robot stock.” She added, “The combined market capitalization of Hyundai Motor and Kia is expected to surpass Toyota’s by 2027, and such a reversal in market cap will symbolize the transition to the physical AI era.”
