Movement Alert｜SK Telecom Rises 8.5% in After-Hours Trading, NVIDIA and SK Group Officially Announce Multi-Year AI Cooperation Agreement

Market Focus06-09

On June 9, SK Telecom rose 8.5% in after-hours trading, trading at $44.39 per share, with trading volume of $17.475 million.

On the news front, NVIDIA and SK Hynix formally announced a multi-year technology cooperation agreement focused on joint development of next-generation memory for global AI factory construction, covering Vera Rubin AI supercomputers, Vera CPU, and Jetson Thor robotics computing platforms. As a sister company within SK Group, SK Telecom announced it will build a gigawatt-class AI cloud data center based on NVIDIA's DSX platform, with the first AI center planned to commence operations in Korea in 2027, providing training, inference, and agent workloads for enterprises. SK Telecom later clarified that the initial 2027 facility will not be gigawatt-scale, and the expansion to gigawatt-level capacity will proceed in phases.

The stock had previously dropped sharply from its June 2 highs driven by Anthropic IPO speculation, falling approximately 15% over June 4-5. The NVIDIA partnership announcement appears to have reignited investor confidence in SK Telecom's AI infrastructure ambitions, driving the after-hours rebound.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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