As the domestic stock market experiences a downturn due to the "Broadcom Shock" from the U.S., SK Telecom is seeing a rise in its shares following news of its collaboration with Nvidia on artificial intelligence (AI).
According to the Korea Exchange, SK Telecom's stock was trading at 110,200 won, up 3,800 won (3.57%) as of 2:12 p.m. on June 8. The stock opened at 106,400 won but surged to as high as 117,000 won during the trading session, reflecting a significant increase.
Despite a general decline in investor sentiment across the domestic market due to the recent drop in U.S. semiconductor stocks, SK Telecom is showing a differentiated performance.
This positive trend is attributed to the announcement that SK Telecom will partner with Nvidia to build AI-specific data centers and expand its AI cloud business, which has boosted investor confidence.
On this day, SK Telecom announced that Chairman Chey Tae-won and Nvidia CEO Jensen Huang have agreed to jointly pursue the AI cloud business. The two companies plan to establish AI-specific data centers based on Nvidia's AI infrastructure platform, DSX.
CEO Huang stated, "SK Telecom will be able to build a large-scale AI cloud through the Nvidia DSX platform, providing agent AI, enterprise AI, and physical AI to companies and industries leading in Korea and around the world."
* This article has been translated by AI.
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