SK Telecom Co Ltd is trading 6.2% up at $39.77 today, rebounding sharply from a two-day slide after announcing a major partnership with NVIDIA to build an AI Cloud in Korea.
- On June 7, SK Telecom announced it plans to build a gigawatt-scale AI Cloud in Korea using NVIDIA's DSX platform, with the first AI factory expected to come online in 2027.
- This news provides a strong fundamental catalyst for the stock's rebound, which follows a steep decline on June 4th and 5th.
- The AI infrastructure collaboration is aimed at powering sovereign AI services for enterprises across Korea and potentially broader regions in Asia.