AI Boom Fuels 487% Stock Surge for Little-Known Hardware Firm
AI Boom Fuels 487% Stock Surge for Little-Known Hardware Firm
Isu Petasys supplies tech giants such as Nvidia with circuits
Patriarch Kim Sang-Beom and family see value of stake soar
As investor interest in artificial intelligence sends shares of technology giants soaring, a little-known circuit board maker in South Korea is cashing in big.
Isu Petasys Co., which counts Alphabet Inc., Nvidia Corp. and Microsoft Corp. as customers of its multilayered boards, has seen its share price surge 487% this year – among the biggest gainers on South Korea’s benchmark stock index. The company’s recent boom has also helped boost the value of stakes held by Chairman Kim Sang-Beom and his family to more than $800 million as of August 3.