Visual effects (VFX) specialist M eighty-three is hitting the upper price limit (the top of the daily limit range) on the 4th. Buying is seen gathering on news that subsidiary P&T Link began supplying artificial intelligence (AI) infrastructure to Naver Cloud.
As of 9:30 a.m. on the 4th, M eighty-three is transaction on the KOSDAQ at 7,760 won, up 1,790 won (29.98%) from the previous trading day.
On the 2nd, M eighty-three said its subsidiary P&T Link would supply standard servers for AI infrastructure to Naver Cloud. The annual contract is about 50 billion won.
P&T Link engages in businesses including graphics processing unit (GPU) servers, AI storage, industrial servers, and AI infrastructure build-outs. It is a platinum partner of global AI server company xFusion.