Naver, NVIDIA join forces to declare 'global AI infrastructure'
Naver 6 month 9 announced that it would work with NVIDIA to transform itself into a global AI infrastructure provider. As securities firms successively raised their target prices, the stock rose 30% in just ten days. Naver said it would expand infrastructure in the 2030 year and invest 1 GW-scale infrastructure 90 trillion won.
Naver 6 month 9 announced that, in cooperation with NVIDIA, it would transform itself into a global AI infrastructure provider. The company said it would develop AI data centers and related infrastructure as its main businesses. The announcement included a strategy to target markets in Asia and the Middle East.
The stock reacted immediately. According to reports, the share price rose 30% in just ten days. Some securities firms raised their target prices, and one set a target of 40 million won.
Naver presented plans to expand 2030 year 1 GW-scale infrastructure. The announcement materials included specific construction schedules and regional allocations. The company said it would utilize NVIDIA's equipment and solutions.
In terms of the scale of the investment funding, 90trillion won was cited. The report said that this funding plan was intended for long-term investment. At the same time, some pointed out that the sustainability of profitability remains a challenge to be verified.
Securities firms were reported to have reviewed their earnings estimates and valuations based on the announcement. Some reports viewed Naver’s expansion of its business scope as likely to affect its future revenue structure. The company explained that it aims to strengthen its competitiveness through cooperation and infrastructure expansion.