On the morning of the 13th, NHN's stock price is strong at over 8%. The buying pressure is interpreted as a result of analysts at securities firms expecting benefits from the government’s expanded investment in artificial intelligence (AI).
As of 9:16 a.m. on the 13th, NHN is trading at 27,500 won, up 2,100 won (8.27%) from the previous trading day on the securities market. NHN's stock price has risen for eight consecutive trading days this month.
Jeong Ho-yoon, a researcher at Korea Investment & Securities, noted, "NHN is a top player in public institution cloud market share," adding, "Since it completed its server investment in the Gwangju AI data center last year, it will be a corporation that can benefit from the government's expanded AI investment in the future." He then adjusted the target stock price upward by 25%.
He also forecasted that "sales related to the Gwangju data center will grow as the government’s cloud conversion budget increases and the data center utilization rate rises," stating that "the proportion of sales to public institutions, which are relatively more profitable, could also increase."
Earlier, President Lee Jae-myung pledged to invest 100 trillion won in the AI sector, positioning the expansion of national AI competitiveness as a major policy.