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.
“The defining opportunity of physical AI is to give every machine the ability to understand the real world, reason and act safely alongside people,” said CEO Jensen Huang.
This follows a separate collaboration Nvidia announced with Chinese startup Unitree to accelerate humanoid robot development. Huang has called humanoid robots a “multitrillion-dollar economic opportunity.”
Wall Street Stays Bullish
The robotics push comes on top of already strong financial results. In its most recent quarter, Nvidia posted revenue of $81.61 billion, up 85.2% year over year, beating the consensus estimate of $78.42 billion. Earnings per share came in at $1.87, topping the $1.76 estimate.
The board has also authorized an $80 billion share repurchase program. Nvidia raised its quarterly dividend to $0.25 per share, up from $0.01 previously.
Analyst sentiment remains broadly positive. Three analysts rate NVDA a Strong Buy, 48 rate it a Buy, and just two have a Hold. The average price target sits at $305.94.
JPMorgan raised its price target to $280 with an Overweight rating. Citic Securities lifted its target to $315. Robert W. Baird set a $500 target with an Outperform rating.
Risks on the Radar
Not everyone is without concern. Investor Michael Burry has raised questions about circular financing, suggesting that Nvidia’s investments, customer funding and GPU sales could be interlinked in ways that create risk.
CEO Huang himself flagged geopolitical risk, warning that China shifting AI workloads to Huawei hardware could weaken U.S. chip dominance.
Institutional investors own 65.27% of NVDA. Hobart Private Capital trimmed its position by 6.7% in Q2, selling 2,729 units and retaining 38,304 valued at roughly $7.7 million.
NVDA opened Friday at $225.30, with a 12-month low of $164.07 and a 12-month high of $236.54. The 50-day moving average stands at $205.74.
Bank of America has identified Nvidia as a leading beneficiary of the expanding AI chip market, while Wells Fargo reiterated its Overweight rating ahead of the next earnings report.
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