OpenAI, Oracle, and NVIDIA: Why Korean Data Center Stocks Are Entering a Supercycle
Background The AI boom is entering a new phase. For the last two years, investors focused almost exclusively on semiconductor winners such as NVIDIA, SK Hynix, and Samsung Electronics. Now the market is beginning to realize something important: AI models cannot run without massive data centers. OpenAI's Stargate initiative, Oracle's aggressive cloud expansion, and NVIDIA's next-generation AI systems all point to one conclusion: the next bottleneck is no longer chips alone—it is AI infrastructure. And that creates a powerful opportunity for Korean data center and infrastructure companies. The AI Arms Race Is Becoming a Data Center Race Most people think AI starts with ChatGPT. In reality, AI starts with electricity, cooling systems, networking equipment, and server racks. Training advanced AI models requires enormous computing capacity, which exists only inside hyperscale data centers. The AI industry is quickly discovering that building the physical infrastructure...