[Market Focus] Korean Electric Wire and Power Equipment Stocks Rise on Strong Nvidia Earnings

As Nvidia, the leading artificial intelligence (AI) stock in the United States, achieved solid results in the first quarter of this year despite export restrictions to China, the share prices of domestic electric wire and power equipment stocks are also on the rise. Investors appear to be focusing on the continued expansion of demand for AI-related equipment and facilities, driven by the proliferation of generative AI such as ChatGPT.

As of 10:05 a.m. on this day, Iljin Electric was trading at 30,950 won, up 1,900 won (6.54%) from the previous trading day. At the same time, LS (4.09%), Daewon Cable (2.98%), LS Marine Solution (1.92%), and Taihan Electric Wire (1.83%) were also on an upward trend. Power equipment-related stocks such as Aroute (14.93%), Kwangmyung Electric (11.84%), and Hyosung Heavy Industries (8.59%) were also strong.

Nvidia's strong performance has demonstrated the sustained demand for AI semiconductors and power equipment, leading to a rally in related stocks. On May 28 (local time), Nvidia fell 0.51% during regular trading, but rebounded by more than 6% in after-hours trading after announcing first-quarter results that exceeded market expectations.

Nvidia announced that for the first quarter of the 2026 fiscal year (February to April this year), revenue reached $44.06 billion and net income was $18.8 billion, representing increases of 69% and 26%, respectively, compared to the same period last year. In detail, the main data center segment, which includes AI chips and related components, recorded $39.1 billion in revenue, a 73% increase year-on-year, driving overall revenue growth.