Nvidia CEO Jensen Huang recently dined with Samsung Electronics chairman Lee Jae-yong and Hyundai Motor Group executive chairman Euisun Chung at Kkanbu Chicken in Seoul, South Korea. The event has gained significant attention online, with videos of the gathering showing the leaders enjoying Chimaek, a pairing of fried chicken and beer. Following their dinner, stocks for Kyochon F&B Co., a fried chicken chain, surged by approximately 20%, while poultry processor Cherrybro Co. saw a 30% increase on October 31, as reported by Bloomberg.
During the dinner, the executives also participated in a traditional “love shot,” where they interlinked arms for a drink. Huang expressed his fondness for the food during a media interaction post-dinner, noting his enjoyment of fried chicken and beer with friends.
This gathering is part of Huang’s participation in the Asia-Pacific Economic Cooperation CEO summit in South Korea, where he is seeking to engage more extensively with Asian markets after Nvidia faced a significant loss of market share in China due to geopolitical factors.
- Why it matters:
- This event highlights the growing influence of informal gatherings in market movements and investor perceptions.
- It underscores the interconnectedness of the technology and food sectors, as seen through the spike in related stocks.
- The latest:
- Huang’s presence at the APEC summit reflects Nvidia’s strategic efforts to strengthen ties in the Asia-Pacific region amid ongoing market challenges.
Source: https://www.cnbctv18.com/market/jensen-huangs-viral-fried-chicken-and-beer-night-with-samsung-hyundai-chiefs-in-south-korea-moves-markets-19735622.htm
Source: https://www.cnbctv18.com/market/jensen-huangs-viral-fried-chicken-and-beer-night-with-samsung-hyundai-chiefs-in-south-korea-moves-markets-19735622.htm