Digital display manufacturer LG Display (NYSE: LPL) announced a new technology platform and branding message for its high-end TV sets on Wednesday. The stock jumped more than 5% as investors embraced LG Display's upgraded televisions featuring organic light-emitting diode (OLED) technologies.
Mr. Market appears to have missed the fact that LG Display's heavy focus on OLED screens is great news for technology partner Universal Display (NASDAQ: OLED) , whose shares rose only 3% on the news.
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New Products From LG Display Show Why Universal Display Is a Great Investment