SK Telecom is trading 12.8% down at $30.36 as investors take profits following a sharp AI-driven rally fueled by its NVIDIA partnership and data center expansion plans.
- The pullback follows a multi-day surge driven by the company's strategic pivot toward AI infrastructure and high-growth technology sectors.
- Broader pressure on chip and tech stocks is weighing on the price as investors express concern over heavy AI-related capital expenditures.
- Macroeconomic headwinds, including a sharp selloff in the South Korean market, are contributing to the stock's downward movement.