[Featured Stock] Isu Petasys Hits All-Time High... Spotlight on Cloud AI and Apple Benefits

MLB Supply Shortage Outlook, Cloud AI Beneficiary Stocks
Also Noted as Beneficiary Stocks of Apple Recently Launching AI Services
New Factory Operation Imminent to Meet New Demand

Isu Petasys has broken its all-time high price in about a month. It appears that buying momentum is flowing in as it is highlighted as a beneficiary stock of cloud artificial intelligence (AI) and 'Apple AI'.

As of 9:10 a.m. on the 18th, Isu Petasys is trading at 55,500 won, up 5.92% (3,100 won) from the previous day. It hit a high of 56,800 won shortly after the market opened and is currently undergoing a slight correction. This surpasses the previous all-time high of 54,900 won recorded on the 23rd of last month.

Isu Petasys has recently emerged as a beneficiary of cloud AI. It supplies multi-layer boards (MLB) to Nvidia, Google, and Microsoft. MLB is a product made by stacking multiple printed circuit boards (PCB), enabling rapid processing of large amounts of data. Due to the recent surge in MLB demand, supply is expected to become insufficient starting from the second half of 2024. Researchers Park Hyung-woo and Kwon Min-gyu from SK Securities stated, "The expansion scale of major global MLB companies is insufficient to meet the demand from AI companies alone," adding, "The expansion of cloud AI investment is causing shortages across all MLB product lines." The US-China trade dispute is also exacerbating the MLB supply shortage.

Isu Petasys is also classified as a beneficiary stock of Apple, whose stock price has been soaring daily following the recent unveiling of 'Apple Intelligence.' Isu Petasys produces printed circuit boards (PCB), a core component of electronic products. It is analyzed that more advanced circuit board manufacturers will be needed due to the application of Apple's new technologies. To meet new demand, Isu Petasys is about to start operating a new factory and plans to begin mass production from the third quarter of this year. The fourth factory is ultimately being invested at a scale exceeding 50% of the combined production capacity of the current headquarters factories 1, 2, and 3, and the sales increase effect from the factory expansion is estimated to be around 150 billion won.