[Click eStock] "Hyundai AutoEver Expected to Benefit from Data Center Investment"

On November 3, Daishin Securities stated that Hyundai AutoEver is expected to benefit from Hyundai Motor Group's investment in data centers.

Hyundai Motor has decided to build a Blackwell AI Factory in partnership with Nvidia to power 'AI-based mobility.' The AI Factory will be equipped with 50,000 Blackwell GPUs to train large-scale models in autonomous vehicles, smart factories, and robotics.

Kim Guiyeon, a researcher at Daishin Securities, commented, "Given Hyundai AutoEver's system integration (SI) business structure, we can expect proxy GPU purchases, data center asset construction and management, and platform subscription services." He explained, "There is sufficient likelihood that Hyundai AutoEver will benefit from the data center investment."

However, he cautioned, "Since the company has enjoyed a valuation premium, there is a possibility of increased short-term volatility due to the fading APEC momentum."

In the third quarter of this year, Hyundai AutoEver recorded sales of 1.0543 trillion won and an operating profit of 70.8 billion won. Compared to the same period last year, sales increased by 16.5% and operating profit rose by 34.8%. Researcher Kim analyzed, "The company exceeded the market expectation of 62.4 billion won in operating profit, and profitability was strong thanks to the expansion of high value-added SI projects."

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