On June 11, SK Telecom declined 5.34% overnight, trading at $35.79/share, with trading volume of $1.542 million.

On the news front, the stock had surged over 19% on June 2 after Anthropic confidentially filed its IPO prospectus, as SK Telecom—an investor in Anthropic—attracted speculative buying. However, since June 4 the stock has undergone sustained heavy selling. Although NVIDIA and SK Group announced a multi-year AI cooperation agreement on June 8, briefly lifting shares approximately 5%, buying momentum failed to hold. The partnership involves building next-generation AI cloud data centers based on NVIDIA's DSX platform, with the first gigawatt-scale AI center planned for operation in Korea by 2027.

The current price has now fallen below pre-rally levels, fully erasing the AI-concept-driven gains, indicating the market is repricing the stock more rationally. Within the Wireless Telecommunication Services sector, peers showed muted performance, with T-Mobile US down 0.38% and Millicom International Cellular down 0.11%, reflecting a lack of broader sector 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.)