[Stock in Focus] Acryl Surges 16% on Expectations of 1 Trillion Won Orders Driven by Nvidia

Nvidia to Supply 260,000 GPUs to Korea

Acryl Expected to See Surge in Orders

On March 13, shares of Acrylic, a company specializing in artificial intelligence (AI) transformation infrastructure, surged. The positive outlook appears to be driven by expectations that the order volume will exceed 1 trillion won, as Nvidia is supplying a large quantity of graphics processing units (GPUs) to Korean companies.

As of 10:45 a.m. on this day, Acrylic's stock price stood at 44,550 won, up 15.71% from the previous day. The surge seems to be a response to an order forecast presented in a report released by Shinhan Investment Corp. earlier the same day.

Acrylic is the first and only full-stack AI transformation (AX) infrastructure company in Korea. Its self-developed, optimized software 'GPU Base' is its core solution.

Shinhan Investment Corp. explained that GPU Base can increase idle GPU utilization—which typically stays in the 50–70% range—to as high as 98%. The company assessed that, since it is not dependent on specific hardware environments and can be universally expanded, Acrylic could dominate the AI data center optimization market.

Choi Seunghwan, a researcher at Shinhan Investment Corp., stated, "With Nvidia's large-scale GPU supply project, involving 260,000 units for national and major corporate clients, Acrylic is positioned to win significant orders. In particular, given that GPU Base is charged at about 8–10% of the GPU hardware price, and considering the introduction of the high-priced 'Blackwell' model (around $30,000 each), the potential order volume Acrylic could secure is expected to exceed 1 trillion won."

The company is also expected to report improved earnings. Estimated figures for this year are 30.4 billion won in sales and 4.9 billion won in operating profit. This would represent a 128.6% increase in sales from the previous year and a turnaround to profitability. The report added that concerns about the 'overhang' (potential shares waiting to be sold), which had been a burden in the early days after the IPO, are gradually being resolved.

Researcher Choi explained, "Since its listing on December 16 of last year, the overhang issue has been steadily resolved, and the current stock price is above the IPO price of 19,500 won. This year's expected price-to-sales ratio (PSR) stands at about 10, which is significantly undervalued compared to the average of 31 indicated in the prospectuses of listed domestic AI optimization companies."

This content was produced with the assistance of AI translation services.