NVIDIA CorporationNvidia announced a $1 billion investment in a joint data center project with Naver, indicating strong demand for its AI technology.
South Korea's composite stock index closed nearly 1% higher today, as investors returned to buy technology shares amid easing tensions in the Middle East. The KOSPI finished at 6,755.75 points, up 65.13 points or 0.97%. Sentiment was boosted after the United States halted its two-week-long strikes on Iran, while Iran also ceased its retaliation and held talks with Oman on shipping in the Strait of Hormuz, reducing geopolitical risks. Investor confidence was further supported by a meeting of top tech executives in San Francisco, led by Samsung Electronics Chairman Lee Jae-yong and Nvidia CEO Jensen Huang, where a combined investment deal worth 950 billion dollars was announced. Samsung Electronics shares rose 1.8%, SK hynix jumped 3.24%, Hanmi Semiconductor gained 2.25%, and Naver surged 8.43% after Nvidia announced a 1 billion dollar investment in a new joint data center project.
NVIDIA CorporationNvidia announced a $1 billion investment in a joint data center project with Naver, indicating strong demand for its AI technology.
Samsung Electronics Co LtdSamsung Electronics shares rose 1.8% after Chairman Lee Jae-yong met with Nvidia CEO, and a combined $950 billion investment deal was announced, boosting demand outlook.
SK Hynix IncSK hynix shares rose 3.24% amid tech buying and easing Middle East tensions, but no company-specific demand event is mentioned; the rise is part of a sector rally.
Hanmi SemiconHanmi Semiconductor gained 2.25% amid tech buying, but no company-specific news; the rise is part of a sector rally.
Naver CorporationNaver surged 8.43% after Nvidia announced a $1 billion investment in a new joint data center project, a capital event.