Movement Alert｜SK Telecom Rises 5.18% Overnight, NVIDIA and SK Group to Announce Multi-Domain AI Cooperation on June 9

Market Focus06-08

On June 8, SK Telecom rose 5.18% overnight, trading at $40.0/share, with trading volume of $2.217 million.

On the news front, NVIDIA and SK Group are expected to unveil their cooperation plan on June 9, with an SK Hynix spokesperson confirming that Chairman Chey Tae-won and NVIDIA CEO Jensen Huang will brief media on joint initiatives spanning AI supercomputers, CPUs, next-generation PCs, and robotics. Huang also confirmed that NVIDIA's new revolutionary Vera CPU will adopt SK Hynix DRAM, and noted that the two companies are preparing for significant business volumes in the second half and next year. Notably, Huang stated he is in discussions with telecom companies as telecom networks will be utilized for AI services in the future, and he dined with SK Telecom executives during his Seoul visit. Huang further noted that memory chip supply constraints across wafers, packaging, and silicon photonics modules will persist for years due to elevated demand, reinforcing the long-term growth narrative for the SK ecosystem.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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