[Featured Stock] Nvidia Hits New High Amid Uptrend, Isu Petasys Rises Over 10%

Isu Petasys is showing strong performance. It is interpreted to be influenced by its key client, Nvidia, hitting a new all-time high.

As of 10:14 AM on the 9th, Isu Petasys is trading at 31,450 KRW, up 10.16% (2,900 KRW) compared to the previous day. After reaching its all-time high of 43,300 KRW in July last year and then declining, Isu Petasys' stock price has recently been fluctuating around the 30,000 KRW range. With today's rise, it reclaimed the 30,000 KRW level for the first time in five trading days.

Isu Petasys is classified as a beneficiary stock of artificial intelligence (AI). It supplies multi-layer boards (MLB) to Nvidia, Google, and Microsoft. MLB is a product made by stacking multiple printed circuit boards (PCBs), enabling rapid processing of large amounts of data. The stock price of Isu Petasys is notably influenced by the performance of its client companies.

Earlier, Nvidia recorded a new high of $522.53 on the U.S. Nasdaq after unveiling AI semiconductors for PCs and laptops, known as 'local' AI semiconductors. The expectation of the dawn of the 'AI PC' era led to a simultaneous rise in AI-related stocks. Han Ji-young, a researcher at Kiwoom Securities, said, “On the 9th, the focus in the domestic stock market will be on whether there is concentrated demand for AI and semiconductor-related stocks,” adding, “With the start of CES 2024 and Nvidia’s new high following the unveiling of home-use AI chips, AI-related stocks showed a concurrent strong performance.”