AI Data Center Beneficiaries Surge Over 2 Trillion Won in Market Cap in Just One Day

nVent Electric plc (NYSE: NVT) closed at $170.89 on the New York Stock Exchange, up 5.0%, lifting its market capitalization to approximately $27.6 billion (about KRW 38 trillion). In a single day, its market cap swelled by roughly $1.47 billion (over KRW 2 trillion), supported by strong buying demand and a trading volume of 1.54 million shares—well above the norm.

In its Q1 2026 results announced on May 1, nVent reported revenue of $1.24 billion, up more than 50% year over year, and adjusted earnings per share of $1.09—significantly ahead of market expectations. The company also raised its full-year revenue and earnings guidance. Fueled by a surge in demand from AI data centers and power infrastructure projects, the stock hit an all-time high immediately after the earnings release. nVent will pay a quarterly dividend of $0.21 per share on May 8.

Spun off from Pentair’s electrical division in 2018, nVent Electric is a specialist in industrial and data-center infrastructure, designing and manufacturing electrical connection and protection equipment. The company operates factories and sales networks in more than 30 countries, supplying power, thermal and protection solutions to data centers, power utilities, telecommunications and commercial construction sectors.