SK Telecom is trading 8.6% up today at $34.94 after announcing an ambitious plan to build up to 15GW of AI data center capacity, positioning South Korea as a leading global AI infrastructure hub.
- The multi-stage initiative, scheduled to begin in 2029, is being received by investors as a major long-term growth driver for the company.
- The stock is also seeing increased demand amid broader market strength in AI-linked sectors and a general shift toward risk-on equities.