AI technology attracting attention as NVIDIA ranks first

NVIDIA market cap hits $3.4 trillion
AI software-related stocks are strong in the domestic stock market
Focus on software as market growth expectations grow

The day after NVIDIA became the listed company with the largest market capitalization on the global stock market, artificial intelligence (AI)-related stocks also laughed for the first time in the domestic stock market. Douzone Bizon, Saltlux, Conan Technology, Maum AI, Polaris AI, etc. saw their stock prices rise by more than 10% in one day. With the expectation that AI can increase corporate productivity, the forecast that the related market will grow rapidly is gaining momentum.

According to the Korea Exchange on the 7th, Douzone Bizon rose 10.12% the previous day. The market capitalization increased from 1.74 trillion won to 1.92 trillion won.

Douzone Bizon recorded sales of 99.4 billion won and operating profit of 20.4 billion won in the third quarter of this year. There was an increase of 17.1% and 23.6%, respectively, compared to the same period last year. Park Jong-seon, a researcher at Eugene Investment & Securities, explained, “The sales growth rate has been maintained in double digits for the past three consecutive quarters.”

Kim So-hye, a researcher at Hanwha Investment & Securities, analyzed, “More than 1,000 corporate customers have signed contracts with ONE AI in just five months since its launch. We are introducing additional AI products that are 50% more expensive than existing products.” He added, “Once AI products begin to contribute to sales in earnest, profits will increase quickly.”

Saltlux rose by more than 20% the previous day. Expectations for the AI ​​search service being prepared by its subsidiary Goober have driven up the stock price. Goober recorded 98% accuracy and 97% up-to-dateness in its own Q&A quality comparison Korean test. The company explained that it recorded a similar level of accuracy as Chat GPT. The plan is to launch the Goober mobile app on the Apple and Android markets.

Conan Technology, an AI software developer, soared to its price limit at one point during the day before. The news that it had been selected as a performer for the ‘AI pilot development and demonstration of unmanned aerial vehicle installation using digital twin’ project had an impact on the stock price.

Positive news related to the ongoing AI business led to an increase in corporate value. The fact that AI superstar Nvidia surpassed Apple to take first place in market capitalization also helped improve AI-related investment sentiment. In the New York stock market, Nvidia recorded a market capitalization of $3.432 trillion as of the closing price on the 5th (local time). NVIDIA is one of the most important hardware suppliers in AI and machine learning research.

Expectations for the growth of the AI ​​industry remain. Statista, a global research institute, The global AI market size will increase from $95.6 billion in 2021. It is expected to grow to $1.8475 trillion in 2030. Annual average It is expected to grow by 39%. Market research agency Market & MarketIt is predicted that the AI ​​market size will reach $1.3452 trillion in 2030. Based on last year’s $150 billion, the average annual growth rate is 36.8%.

NH Investment & Securities said there is no disagreement about the forecast that the AI ​​market will grow by more than 30%, and analyzed that AI technologies such as machine learning, natural language processing, and computer vision are increasing productivity in various fields such as medical care, finance, manufacturing, and retail. nineGlobal IT companies such as Microsoft, Microsoft, and Amazon are competing in the AI ​​service market. As competition intensifies, the pace of technological development is accelerating.

Son Se-hoon, a researcher at NH Investment & Securities, said, “After Nvidia’s overwhelming stock performance, we can expect a strong stock price trend for AI software companies.” He added, “If you check past stock price trends and performance, after hardware development and an overwhelming stock price rise, there will be a strong stock price trend for software companies.” “Interest has grown,” he said.