SK Telecom Co Ltd is trading 6.4% down at $38.59 today as investors react to the announcement of a $500 million regional AI investment fund, prompting a sharp pullback following a multi-day rally.
- The company is partnering with Japan’s NTT and Taiwan’s Chunghwa Telecom on the new AI-focused initiative aimed at regional growth.
- The significant decline comes despite broader U.S. indices being only modestly lower, suggesting a specific cooling-off period for the stock after its recent gains.