Hyundai AutoEver Rises More Than 8% on Expectations of AI Data Center Benefits [Stock NOW]

[Financial News] Hyundai AutoEver is gaining early in the session as investors focus on the company as a beneficiary of AI data centers.
According to the Korea Exchange (KRX), Hyundai AutoEver was trading at 391,500 won as of 11:15 a.m. on the 22nd, up 8.45% from the previous session. The stock opened at 367,000 won, up 1.10%, and climbed as high as 393,500 won during the session.
Expectations that Hyundai AutoEver will demonstrate strengths in the AI data center sector drove the gains. Hyundai Motor Group plans to invest 9 trillion won to build an AI data center and robotics cluster in Saemangeum. The project is expected to boost Hyundai AutoEver's system integration (SI) and IT operations and management (ITO) revenue.
Eunyoung Lim, a researcher at Samsung Securities, predicted, "As Hyundai Motor Group's physical AI business progresses, data center capacity will inevitably have to expand," adding, "This will lead to growth for Hyundai AutoEver."
Hyundai AutoEver has also been strengthening its competitiveness in the cloud business, recently obtaining Amazon Web Services (AWS)'s "Migration and Modernization Competency (MMC)." AWS MMC is awarded to AWS partners with the technical expertise to successfully carry out cloud migration and application modernization projects.

[email protected] Im Sang-hyeok Reporter