Jin10 News, Citigroup believes that Doosan Group of South Korea will be a key beneficiary of NVIDIA's next-generation AI chips and expects its stock price to pump by over 40% in the next 12 months. The bank rates Doosan Group as "buy/high risk" and sets its target price at KRW 330,000 (USD 234). Analysts emphasize Doosan's position as the exclusive supplier of NVIDIA's Copper Clad Laminate (CCL), a key component of the upcoming Blackwell graphics processing unit. NVIDIA's next-generation AI chip, Blackwell, is attracting attention from companies like OpenAI, Microsoft, Meta, and others that are building AI data centers to power products like ChatGPT and Copilot.
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Citigroup: South Korea's Doosan Group Will Benefit from Nvidia's Blackwell Chips, with a projected stock price rise of over 40% in the next year.
Jin10 News, Citigroup believes that Doosan Group of South Korea will be a key beneficiary of NVIDIA's next-generation AI chips and expects its stock price to pump by over 40% in the next 12 months. The bank rates Doosan Group as "buy/high risk" and sets its target price at KRW 330,000 (USD 234). Analysts emphasize Doosan's position as the exclusive supplier of NVIDIA's Copper Clad Laminate (CCL), a key component of the upcoming Blackwell graphics processing unit. NVIDIA's next-generation AI chip, Blackwell, is attracting attention from companies like OpenAI, Microsoft, Meta, and others that are building AI data centers to power products like ChatGPT and Copilot.