M83, a visual effects (VFX) company, has seen its shares rise for the second consecutive day, hitting the upper limit after announcing a major artificial intelligence (AI) infrastructure supply contract through its subsidiary.
According to the Korea Exchange, as of 9:48 a.m., M83's stock was trading at 7,760 won, up 1,790 won (29.98%) from the previous trading day. The stock had also closed at the upper limit on June 2, marking two days of strong performance.
The surge in stock price is attributed to news regarding the supply of AI servers by M83's subsidiary, PNT Link. On June 2, M83 announced that PNT Link had begun supplying standard servers for AI infrastructure to Naver Cloud. The contract is valued at approximately 50 billion won annually, with deliveries expected to continue until March of next year.
PNT Link specializes in GPU servers, AI storage, industrial servers, and the establishment of AI infrastructure. In response to the rising demand for high-performance servers driven by the proliferation of generative AI, the company is expanding its related business operations.
In particular, PNT Link is broadening its scope beyond simple server supply to include the construction and maintenance of AI infrastructure, raising expectations for additional contracts. The company plans to actively respond to future demands for the expansion and maintenance of AI data centers and generative AI services based on existing supply projects.
Market analysts believe that securing a supply reference with Naver Cloud amid the recent increase in AI data center investments and demand for AI infrastructure has boosted investor sentiment.
* This article has been translated by AI.
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