Nvidia, Samsung chiefs bond over fried chicken in Seoul, lifting snack stocks
Jensen Huang also met Hyundai boss Chung Eui-sun at a restaurant and handed out chicken to onlookers gathered outside
The Nvidia CEO shared beers with Samsung Electronics Chair Jay Y. Lee and Hyundai Motor Executive Chair Chung Eui-sun at a local restaurant, Kkanbu Chicken, on Thursday evening.
While Kkanbu is not publicly listed, shares of rival Kyochon F&B surged as much as 20 per cent on Friday after photos and videos of the gathering circulated widely on social media.
South Korean poultry processor Cherrybro also soared by the daily limit of 30 per cent, with trading volume about 200 times its average. Neuromeka, a Kosdaq-listed company that makes chicken-frying robots, also soared.
The episode reflects how virality and memes continue to influence South Korea’s stock market, where risk-seeking traders often chase short-term gains tied to cultural, political or economic moments in the spotlight. These rallies, typically in small-cap Kosdaq stocks, are rarely driven by fundamentals and often lack any real link to company operations.
Nvidia CEO Jensen Huang meets with Samsung, Hyundai chiefs over beer and fried chicken