Samsung SDS shares soared nearly 30% during trading on June 1, driven by growing expectations surrounding the expansion of the artificial intelligence (AI) data center market. This surge has attracted significant investment interest.
According to the Korea Exchange, as of 1:34 PM, Samsung SDS shares were trading at 382,000 won, up 27.76% (83,000 won) from the previous trading day. Over the past week, the stock has seen an increase of over 100%.
Market analysts suggest that Samsung SDS is being re-evaluated as a key beneficiary in the AI infrastructure sector, moving beyond its traditional IT service business. The company's performance is also expected to improve, bolstered by growth in its cloud business.
The growth rate of Samsung SDS's cloud revenue is projected to rise from 14.4% this year to 18.1% next year. Consequently, revenue is expected to increase from 14.169 trillion won this year to 14.876 trillion won next year, while operating profit is forecasted to grow from 826 billion won to 1.096 trillion won.
Lim Hee-seok, a researcher at Mirae Asset Securities, stated, "The dawn of the AI era is leading to a surge in demand for AI data centers focused on GPU, power, and network capabilities. Samsung SDS is positioned to lead in the domestic AI infrastructure market expansion, leveraging its strengths in data centers, cloud services, and GPU infrastructure."
* This article has been translated by AI.
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