NHN Corporation (NHN) Soars Again on Strong AI Data Center Business... Up 14% [Stock NOW]

[Financial News] NHN was strong in early trading on the 11th, extending the previous day's sharp rally amid improved results from growth in its cloud business and expectations for an expansion of its artificial intelligence (AI) data centers.
As of 9:23 a.m. that day, NHN was trading at 88,500 won, up 14.34% from the previous trading day.
NHN said the previous day that it posted consolidated revenue of 758.3 billion won and operating profit of 58.8 billion won in the third quarter of this year. Those figures were up 21.2% and 112.6%, respectively, from the same period a year earlier. Operating profit exceeded the market estimate of 53.9 billion won.
Revenue in the technology segment, which includes cloud, rose 53.6% from the same period a year earlier to 171.7 billion won. With revenue from the government GPU project at the Yangpyeong data center and Krafton's GPU cluster added, NHN Cloud maintained its profitability. Five years' worth of sales for the Yangpyeong data center's private GPU service have also been completed, securing a revenue base.
Expectations for medium- to long-term growth from data center expansion also came into focus. NHN plans to expand its data center operating capacity to about 100 MW by the end of 2027, combining existing facilities with newly built and leased ones. It plans to install about 1,700 B300 GPUs at facilities totaling about 6 MW secured in Gasan, Seoul, and Gajwa, Incheon, and to begin rolling out services in phases from January next year.
Lee Hyo-jin, a researcher at Meritz Securities, said that day, “NHN is actively monetizing favorable end-market conditions through leasing,” adding, “With the steady streamlining of non-core businesses, its cloud business is growing rapidly and driving companywide earnings.”
[email protected] Joo Won-gyu Reporter