Nvidia (NVDA) Stock Rises as LG Robot Deal Fuels Fresh Momentum
TLDR
- Nvidia signed a memorandum of understanding with LG Group to develop a humanoid robot powered by its Isaac GR00T model and Jetson Thor platform.
- LG plans to unveil the bipedal humanoid robot in Q1 2027.
- NVDA was up 0.4% in premarket at $2261.13, gaining 11% over the past month.
- Quarterly revenue hit $81.61 billion, up 85.2% year over year, beating estimates.
- Analysts hold an average “Buy” rating with a $305.94 price target; Nvidia also has an active $80 billion share buyback program.
Nvidia stock edged up 0.4% in premarket trading to $2,261.13 on Friday, extending a run that has seen NVDA gain 11% over the past month. The latest catalyst is a new partnership with South Korea’s LG Group to develop humanoid robots.
The two companies signed a memorandum of understanding to co-develop a next-generation bipedal humanoid robot. LG plans to unveil the robot in Q1 2027. It will run on Nvidia’s Isaac GR00T foundation model and Jetson Thor computing platform.
Beyond the humanoid robot, LG and Nvidia are also working together on wheel-based robots and a high-performance computing platform for vehicles.
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