Naver Shares Surge Over 10% as Nvidia Plans 1 Billion Dollar Investment

Corporate ActionProduct / Tech Impact 4
โดย Reuters·Read original
Summary · why it matters

Shares of South Korean internet giant Naver surged more than 10 percent on the 27th. The jump came after US chipmaker Nvidia announced it would acquire 1 billion dollars worth of new Naver shares. On the 24th, the two companies and investment firm Brookfield unveiled a plan to invest up to 10 billion dollars to expand Naver's AI data center in South Korea. As part of the deal, Naver will allot 7.2 million new shares to Nvidia at 204,500 won per share. Brookfield will provide up to 9 billion dollars as an equity partner for the project. With this investment, Nvidia is expected to hold a 4.5 percent stake in Naver, becoming one of its major shareholders. The data center will be built within Naver's GAK data center in Sejong City, South Korea, and will adopt Nvidia's chip platforms Vera Rubin and Blackwell.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Nvidia is investing $1 billion in Naver and will supply its Vera Rubin and Blackwell chip platforms for the new AI data center, driving demand for its products.

Brookfield Corp
BN
▲ PositiveCapitalrelevance

Brookfield is providing up to $9 billion as an equity partner for the AI data center project, which is a large capital commitment and likely generates management fees or returns.

Cloud & Digital Infrastructure▲ · 1 stocks
Naver Corporation
035420
▲ PositiveCapitalrelevance

Naver receives a $1 billion investment from Nvidia and up to $9 billion from Brookfield to expand its AI data center, boosting its capital and strategic partnership.

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