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Samsung Electronics' XR Platform Announcement Sends Related Stocks Soaring
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0000-00-00 00:00:00
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Summarized by durumis AI
- NP and other XR-related stocks surged following Samsung Electronics' announcement of its XR platform launch later this year, while other metaverse XR-related stocks, including Alchera, Dexter, and Giantstep, also showed a simultaneous upward trend.
- Samsung Electronics has established a Future Technology Office under its Device Experience (DX) division and has been preparing XR devices based on the Galaxy ecosystem. Samsung Display has also been focusing on the XR market as a future growth driver and acquired 'Imagine', a company that owns RGB OLED technology for XR devices, in May last year.
- Global metaverse-related ETFs listed in Korea have shown an increase of nearly 40% in the past six months, and in the global market, the metaverse market continues to grow quietly alongside the expansion of the artificial intelligence (AI) market.
- NP's stock price surged 29%
- Metaverse-related stocks rose in tandem
- Global metaverse ETFs are performing well
Source - Samsung Electronics
Following the announcement that Samsung Electronics will launch an extended reality (XR) platform later this year, domestic XR-related stocks are surging. On the 11th, NP, an XR content production solution developer, traded at 2,710 won, up 29.98% from the previous day, right after the opening bell. NP is a partner in Samsung Electronics' and Samsung Display's XR content division. It has secured a number of unpacks since winning the 'Galaxy Unpack' event for Samsung Electronics at CES 2021, becoming the first domestic company to do so, and it boasts a number of related references. The stock price rose due to investors' anticipation of industry growth.
In addition, Alchera (16.74%), Dexter (13.46%), and Giantstep (13.68%), among others, are also recording a rise in tandem as metaverse XR-related stocks. Tae-moon Noh, head of Samsung Electronics' MX business division, mentioned the possibility of releasing an XR platform later this year at a press conference following the Galaxy Unpack event held at the Louvre in Paris, France, emphasizing the importance of XR content. Samsung Display, seeing the XR market as a future growth engine, acquired 'Imagine', a company with RGB OLED technology for XR devices, in May last year. Samsung Electronics has established a Future Technology Office under the Device Experience (DX) division, preparing XR devices based on the Galaxy ecosystem.
In the global market, the metaverse market is also quietly growing alongside the expansion of the artificial intelligence (AI) market. Global metaverse-related ETFs listed in Korea have shown a near 40% rise in the past six months. According to the Korea Exchange on the 11th, the 'KBSTAR Global Metaverse Moorgate ETF' rose 50.48% over the past six months. Over the same period, 'KODEX US Metaverse Nasdaq Active' rose 37.64%, and 'ACE Global Metaverse Tech Active' rose 40.41%.
Meta, which has transitioned into a metaverse company, has recorded a 44.33% growth in the past six months, reaching its highest stock price ever on the 7th.
