SK Telecom's CEO Ryu Young-sang talks about investing in AI infrastructure, Nvidia's GPU chips, and the relationship between South Korea and the U.S. in an extensive interview with CNBC's Arjun Kharpal.
SK Telecom Co., Ltd. (NYSE:SKM) will hold its Q4 2024 results conference call on February 12, 2025, at 1:00 AM ET. The call will feature company representatives, including Hee Jun Chung from Investor Relations and Yang-Seob Kim, the Chief Financial Officer. Participants from various securities firms will also join the discussion.
SK Telecom, SK hynix, and PENG are collaborating to take advantage of the increasing need for advanced AI data center solutions.
SKM is putting $3 million into Twelve Labs to help develop multimodal AI technologies that can change fields like security, public safety, and customer service.
SK Telecom Co., Ltd. (NYSE:SKM) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, at ET. The company representatives include Hee Jun Chung from Investor Relations and Yang Seob Kim, the Chief Financial Officer. Participants from various securities firms will also join the call, including Seung Woong Lee from Yuanta Securities and Soojin Kim from Mirae Asset Securities.
The company is seeing good signs with its new AI products and its main wireless services. In the second quarter of 2024, SK Telecom's operating profit rose by 16% compared to the previous year, thanks to a better competitive situation and successful cost-saving strategies in its mobile telecom sector. Additionally, SKM's AI revenue could increase significantly in the future, given the positive trends in its AI-related businesses.
SK Telecom (SKM) could see an increase in its stock price due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #1 (Strong Buy).
SK Telecom (SKM) has received a Zacks Rank #2 (Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
Investors interested in Wireless Non-US stocks are likely familiar with KT Corp. (KT) and SK Telecom (SKM). But which of these two companies is the best option for those looking for undervalued stocks?
SK Telecom is a top player in the telecommunications space worthy of a Buy rating, taking into account market share data and third-party research. SKM is the leading mobile services provider in South Korea, with an estimated market share in the 40%-50% range. SK Telecom was recently named by Omdia as the No. 1 telecommunications company with regard to AI competitiveness.