On June 22, SK Telecom declined 5.44% overnight, trading at $34.17/share, with turnover of $75,500.

The decline reflects the continued unwinding of AI-related speculation that had driven the stock sharply higher earlier in the month. On June 2, SK Telecom surged over 19% after Anthropic secretly filed its IPO prospectus, as the company is a notable investor in the AI firm. However, since June 4, the stock has experienced sustained selling pressure. A brief approximately 5% rebound on June 8, triggered by NVIDIA and SK Group announcing a multi-year AI cooperation agreement, failed to attract sustained buying interest.

The stock has now fallen below pre-speculation levels, with the entire prior rally fully retraced. The market appears to be repricing the stock more rationally, reassessing the actual near-term value of SK Telecom's Anthropic investment stake. Peer stocks in the wireless telecommunications sector remain flat, with the broader sector offering no 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.)