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Power equipment stocks climb on Nvidia data center investment plan
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Seoul [South Korea], September 23 (ANI): The stocks of power equipment makers rose Tuesday morning following Nvidia Corp.'s announcement of a massive investment plan for data centers, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
HD Hyundai Electric Co. shares were trading at 618,000 won (USD 445) as of 9:05 a.m., up 5.64 percent from the previous session.
The stock touched 624,000 won, a 6.67 per cent gain and a fresh 52-week high earlier in the session.
The plan includes supporting the construction of a 10-gigawatt (GW) data center powered by Nvidia's advanced AI chips to train and deploy OpenAI's models.
Shares of HD Hyundai Electric finished at 594,000 won, up 1.54 per cent from the previous session.
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