Doosan, a South Korean conglomerate with a market capitalization exceeding 22 trillion won, saw its stock price surge over 16% on July 10, reaching 1,397,000 won at 2:46 PM. The rally followed overnight Reuters reports that Meta plans to build 7 gigawatts (GW) of AI computing infrastructure this year, with an additional 5.5GW by year-end and a total capacity expansion to 14GW next year. Doosan produces copper-clad laminates (CCL) and other advanced materials for AI accelerator printed circuit boards (PCBs), positioning the company within the AI data center supply chain as global big tech firms scale infrastructure investments.
Meta Plans 14GW AI Computing Infrastructure Expansion by Next Year
According to Reuters, Meta's internal documents outline plans to construct 7GW of computing infrastructure this year, with an additional 5.5GW to be completed by year-end. The company intends to add another 7GW next year, bringing total capacity to 14GW. The infrastructure expansion directly impacts companies in the AI hardware value chain, including suppliers of advanced materials for semiconductor components.
Doosan Supplies Advanced Materials for AI Accelerator PCBs
Doosan manufactures copper-clad laminates (CCL) and other advanced materials used in printed circuit boards for AI accelerators. The company's products serve the growing AI data center market as hyperscale operators increase capital expenditures on computing infrastructure. Doosan's stock opened at the 1.2 million won level on July 10 before climbing to an intraday high of 1,445,000 won.
iM Securities Forecasts 44.4% Operating Profit Growth in Q2
iM Securities projects Doosan will record revenue of 735.3 billion won and operating profit of 205.1 billion won in the second quarter, representing year-over-year increases of 31.6% and 44.4% respectively. The brokerage attributes the anticipated growth to expanding AI data center demand.
Semiconductor Equipment Stocks Rally on AI Infrastructure Demand
Semiconductor materials, components, and equipment stocks rallied alongside Doosan on July 10. Jusung Engineering gained 9.36% to 195,100 won, while Wonik IPS (KOSDAQ market cap rank 7) surged 19.26% and Leeno Industrial (rank 8) rose 8.14%. PSK jumped 24.64%, EOTechnics climbed 12.55%, and Eugene Technology advanced 13.40%. The broad-based gains reflected reduced market skepticism about AI infrastructure demand sustainability.
FAQ
What caused Doosan stocks to surge on July 10?
Doosan stocks rose 16.13% to 1,397,000 won at 2:46 PM on July 10 following Reuters reports that Meta plans to build 7GW of AI computing infrastructure this year, with total capacity reaching 14GW next year. Doosan produces advanced materials for AI accelerator PCBs, directly benefiting from AI data center expansion.
What are iM Securities' revenue and profit forecasts for Doosan in Q2?
iM Securities projects Doosan will achieve Q2 revenue of 735.3 billion won (up 31.6% year-over-year) and operating profit of 205.1 billion won (up 44.4% year-over-year), driven by AI data center demand growth.
Which other semiconductor stocks rallied on July 10?
Semiconductor equipment stocks including Jusung Engineering (+9.36%), Wonik IPS (+19.26%), Leeno Industrial (+8.14%), PSK (+24.64%), EOTechnics (+12.55%), and Eugene Technology (+13.40%) all posted gains on July 10 amid renewed confidence in AI infrastructure demand.
