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

Lotte Energy Materials is nearing a market capitalization of 4 trillion won this year as expectations build for full-scale production of materials used in Nvidia chips. After struggling for years under the impact of the electric-vehicle chasm, or temporary demand slowdown, the company is drawing attention beyond its previous image as an EV-related stock. Its share price has risen more than 150% this year. STIC Investments, now seven years into its investment, is also expected to see a major payoff. The key issue is whether semiconductor material expectations can continue to drive a revaluation after the EV slowdown. Source: mk.co.kr