AI transformation specialist InoAX said on May 18 its first-quarter consolidated revenue rose 24.5 percent from a year earlier to 7.14 billion won. Operating profit was 460 million won and net profit was 620 million won, maintaining profitability. The company said growth was driven by the consolidation of enterprise software firm SJ Link as a subsidiary and higher standalone revenue. It also reported a 16.08 billion won order backlog at end-March.

Expectations are spreading across the power equipment value chain ahead of Nvidia’s next-generation AI accelerator Rubin shipping in July. Racks built with Rubin require about 1.5 times more power than Blackwell racks and about five times more than Hopper racks, raising forecasts for demand for key grid components such as transformers and cables. Supply constraints have lengthened ultra-high-voltage transformer lead times to about four years. Analysts cite strong hyperscaler capex and rising data-centre electricity use, while noting speculation of delays.