SK Telecom Shares Surge on Anthropic Profit Outlook

SK Telecom is showing strong performance in the early trading session on the 22nd. Buying momentum appears to have surged following positive earnings outlook for Anthropic, a U.S. AI (artificial intelligence) company in which SK Telecom has made an equity investment.

In the stock market, as of 9:30 a.m. on the 22nd, SK Telecom was trading at 105,200 Korean won, up 2,400 won (2.33%) from the previous day's closing price. It briefly soared to 111,500 won immediately after the market opened, setting an intraday record high.

The surge in SK Telecom's stock price is attributed to optimistic forecasts for Anthropic's performance. SK Telecom invested $100 million in Anthropic in 2023.

On the 20th (local time), the Wall Street Journal reported that Anthropic is expected to achieve its first-ever quarterly profit, with an estimated operating profit of $559 million (approximately 9.95 trillion Korean won) in the second quarter of this year.