On June 16, SK Telecom fell 5.09% in regular trading, trading at $36.705/share, with turnover of $12.96 million. The stock continues to retrace gains accumulated during the early-June AI investment frenzy.

On the news front, SK Telecom had surged over 19% on June 2 after Anthropic confidentially filed its IPO prospectus, as the Korean telecom giant is an investor in the AI startup. However, since June 4, the stock has experienced sustained heavy selling. Although NVIDIA and SK Group announced a multi-year AI cooperation agreement on June 8 that briefly lifted shares approximately 5%, buying momentum failed to sustain. The stock has now fallen below pre-speculation levels, with the entire prior rally fully erased, signaling the market is rationally repricing the investment thesis.

Within the Wireless Telecommunication Services sector, performance remains subdued. Among individual stocks, T-Mobile US flat at 0%, Millicom International Cellular down 2.98%, Vodafone Group up 0.8%, Rogers down 1.62%, Kyivstar Group up 1.53%. The sector overall lacks meaningful support.

(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.)