Amid growing expectations for increased power cable demand and the expansion of the data center and artificial intelligence (AI) industries, Gaon Cable's stock price closed with a double-digit surge.

According to the Korea Exchange on the 18th, Gaon Cable finished trading at 385,500 won, up 44,500 won (13.05%) from the previous trading day. That day, Gaon Cable opened at 426,500 won and, driven by strong buying pressure, soared to an intraday high of 429,500 won. Although it exhibited somewhat high volatility, the stock maintained its upward trend, recording an intraday low of 373,000 won and a trading volume of 494,417 shares.

The market analyzes that expectations for expanded investment in power facilities and a surge in demand for extra-high voltage cables have stimulated overall investor sentiment toward cable stocks. In particular, the expansion of power infrastructure demand—driven by the construction of power grids, the expansion of data centers, and the advancement of the AI industry—is being evaluated as a key mid- to long-term growth engine for related industries.

Gaon Cable, one of South Korea's leading cable manufacturers, produces power and communication cables. Recently, as market interest in the power equipment and cable sectors has grown, the stock has seen a concentration of supply and demand.

However, concerns remain over expanding volatility due to the sharp short-term surge. As such, future new order trends and whether earnings will improve are cited as key variables that will determine further stock price gains.

[This article was partially generated using AI. This article was written with the assistance of AI based on market analysis data and public information, and is not intended to solicit investment. The responsibility for investment lies solely with the investor.]