Hyundai Motor Co. overtook General Motors Co. as the world’s fourth-most valuable automaker as the South Korean firm’s robotics push fuels a blistering stock rally.
Hyundai’s shares surged 15% Wednesday, hitting a fresh record and cementing its position as the best-performing stock in Asia this year with an 85% advance. That’s pushed its market capitalization to about $76.4 billion, topping GM’s $72.6 billion.
The rally kickstarted early this month with the unveiling of its latest iteration of a humanoid robot, with market momentum building as analysts hiked their price targets and investors hunt for AI-related