LS Electric saw its stock price soar past 200,000 KRW (about 135 USD), hitting an all-time high.
As of 9:07 a.m. (South Korean time) on Tuesday, LS Electric shares were trading at 194,400 KRW (about 131 USD), up 8.48% (15,200 KRW, about 10.3 USD) from the previous day’s close. The stock briefly touched 200,000 KRW (about 135 USD) during the trading session.
The surge in investor interest appears to be driven by news that LS Electric will supply AI data center power distribution panels to major U.S. tech giants.
On the previous day, LS Electric disclosed a sales and supply contract valued at 114.97 million USD for global hyperscale power facilities in North America.