In order to answer this question, we first need to understand what is meant by “gauge” and how it relates to the electrical conductivity of wire.

Gauge is a measurement of the diameter of a wire. The higher the gauge number, the thinner the wire. Conversely, the lower the gauge number, the thicker the wire. Thicker wires have a lower resistance to electrical current flow, which means they can handle more current without overheating or causing a fire.
Stranded wire is made up of multiple strands of wire twisted together, which increases its flexibility and makes it easier to work with. The number of strands and their diameter will also affect the wire’s current-carrying capacity.
When it comes to determining the maximum current that a particular wire gauge can handle, there are several factors to consider, including the length of the wire, the material it is made from, the temperature of the surrounding environment, and the type of insulation used.
According to the National Electric Code (NEC), 8-gauge stranded wire is rated for a maximum current of 50 amps when used in a chassis wiring application (i.e. when the wire is enclosed in a metal frame or enclosure). This rating assumes a maximum ambient temperature of 30 degrees Celsius (86 degrees Fahrenheit) and that the wire is copper with a rubber or plastic insulation.
It’s important to note that exceeding the recommended current rating for a wire can cause it to overheat and potentially start a fire. It’s always a good idea to consult with a licensed electrician or refer to the NEC guidelines when selecting wire sizes for any electrical installation.
In conclusion, 8-gauge stranded wire can handle a maximum current of 50 amps when used in a chassis wiring application, according to NEC guidelines.