On June 2, SK Telecom rose 5.31% in regular trading, trading at $46.41/share, with trading volume of $64.72 million. The stock surged as NVIDIA CEO Jensen Huang met with SK Group Chairman Chey Tae-won in Taipei to discuss future cooperation in the AI memory chip space.

According to reports, the two executives reviewed achievements in AI memory and reaffirmed their commitment to jointly developing new frontiers in AI infrastructure. Key topics included the performance, quality, reliability, and supply capacity of the High Bandwidth Memory (HBM) supply chain. Notably, SK Hynix — an SK Group subsidiary — recently crossed $1 trillion in market capitalization, underscoring the strategic importance of this partnership.

Furthermore, Huang is scheduled to visit South Korea later this week for additional meetings with SK Group and other major Korean corporate leaders, with discussions potentially extending to robotics and physical AI. This marks the fourth meeting between Huang and Chey within six months, with industry sources suggesting new HBM contract prices could increase by as much as 100%. The high-frequency executive interaction has significantly boosted market confidence in SK Group's AI growth trajectory.

(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.)