Stock Track | SK Telecom Soars 5.11% in Pre-Market on Nvidia Partnership Recognition

Stock Track06-02 17:02

SK Telecom's stock surged 5.11% during pre-market trading on Tuesday, following positive developments related to its partnership with chip giant Nvidia.

The telecom carrier's shares gained momentum after Nvidia CEO Jensen Huang highlighted SK Telecom as one of its key partners in manufacturing and physical AI during his keynote speech at the GTC Taipei event. This recognition came amid heightened investor interest in companies positioned to benefit from Nvidia's expanding focus on robotics and physical artificial intelligence.

The price movement also reflects growing optimism about deepening collaboration between Nvidia and SK Group, with Huang and SK Group Chairman Chey Tae-won recently meeting in Taipei to discuss future cooperation in AI memory and infrastructure. Market participants are anticipating further discussions during Huang's scheduled visit to Seoul later this week, where he is expected to meet with leaders of major Korean conglomerates including SK Group.

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