Amazon Just Bet $4 Billion on South Korea's AI Boom -- Here's Why It Could Be a Game-Changer
The announcement wasn't just corporate theater. South Korean President Lee Jae Myung and tech leaders showed up in force, signaling just how strategic this move could be for the country's long-term growth. President Lee pointed out that building next-gen tech infrastructure outside the capital is more than a regional development playit might be a template for the nation's high-tech decentralization. Chey, for his part, sees the AI race as a core pillar of Korea's future economic engine. If SK can deliver on the capacity, this site may serve as a launchpad for global AI trafficnot just domestic.
Investors were already connecting the dots. On Friday, AI-linked names rallied hard. SK Hynix (HXSCL) gained over 3%, Kakao popped 11%, and LG CNS surged 9%, lifting the KOSPI above 3,000 for the first time in over three years. The market response suggests traders aren't just excited about another data centerthey're betting this investment could be a catalyst for Korea's next AI leap.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Boeing Stock Falls Amid Wait for Fatal 787 Air India Crash Update. What We Know.
Boeing stock slipped Monday as investors continue to wait for details from flight data recorders on board Air India flight 171, which crashed on June 12, less than a minute after taking off from an airport in Ahmedabad. Boeing stock traded as low as $195.28 in the days following the crash, but recovered. Coming into Monday trading, the company's stock was up about 1% since the Air India tragedy, while shares of GE Aerospace were up about 1% as well.
Business Wire
29 minutes ago
- Business Wire
Element Solutions Increases Second Quarter and Full Year Outlook
MIAMI--(BUSINESS WIRE)--Element Solutions Inc ('ESI' or the 'Company') announced today an increase to its full year 2025 and second quarter outlook. For its second quarter, the Company expects net income in the range of $45 million to $55 million and adjusted EBITDA to be approximately $135 million. The Company has increased its full year adjusted EBITDA guidance to a range of $530 million to $550 million from its prior range of $520 million to $540 million. President and Chief Executive Officer Benjamin Gliklich said, "Our progress penetrating the fastest growing subsegments of our markets is yielding outstanding results, as data center-related customers and advanced foundries propelled our business this quarter. Furthermore, we continue to see new capacity additions in our supply chain to support AI and its associated network infrastructure requirements. This increases our confidence that the strength this quarter is not a product of demand pull forward associated with tariff and trade dynamics. In our more industrially exposed businesses, we have been able to recapture and retain value through strong price, procurement and productivity activities. Currency has also swung materially to our benefit. In that context, we are increasing our adjusted EBITDA guidance for the full year of 2025. Despite an uneven and uncertain economic backdrop, our operating system and highly capable people continue to deliver strong outcomes for our stakeholders.' Second Quarter Expectations and Revised Guidance The Company expects net income in the range of $45 million to $55 million and adjusted EBITDA of approximately $135 million this quarter relative to its prior adjusted EBITDA guidance range of $120 million to $125 million. The Company has also increased its full year 2025 adjusted EBITDA guidance to a range of $530 million to $550 million from its original range of $520 million to $540 million. About Element Solutions Inc Element Solutions Inc is a leading specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in several key industries, including consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, and offshore energy. More information about the Company is available at Non-GAAP Financial Measures Adjusted EBITDA: Adjusted EBITDA is defined as EBITDA (earnings before interest, provision for income taxes, depreciation and amortization), excluding the impact of additional items included in GAAP earnings which the Company believes are not representative or indicative of its ongoing business or are considered to be associated with its capital structure. Management believes adjusted EBITDA provides investors with a more complete understanding of the long-term profitability trends of ESI's business and facilitates comparisons of its profitability to prior and future periods. The Company provides second quarter and full year 2025 guidance for adjusted EBITDA on a non-GAAP basis only. Reconciliations of such forward-looking non-GAAP measures to GAAP are excluded in reliance upon the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K due to the inherent difficulty in forecasting and quantifying, without unreasonable efforts, certain amounts that are necessary for such reconciliations, including adjustments that could be made for restructurings, refinancings, impairments, divestitures, integration and acquisition-related expenses, share-based compensation amounts, non-recurring, unusual or unanticipated charges, expenses or gains, adjustments to inventory and other charges reflected in its reconciliations of historic numbers, the amount of which, based on historical experience, could be significant. Forward-Looking Statements This release is intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995 as it contains "forward-looking statements" within the meaning of the federal securities laws. These statements will often contain words such as "expect," "anticipate," "project," "will," "should," "believe," "intend," "plan," "assume," "estimate," "predict," "seek," "continue," "outlook," "may," "might," "aim," "can have," "likely," "potential" "target," "hope," "goal," "priority," "guidance" or "confident" and variations of such words and similar expressions. Examples of forward-looking statements include, but are not limited to, statements, beliefs, projections and expectations regarding the Company's full year 2025 and second quarter 2025 adjusted EBITDA, market trends and demand for its products, operational execution, foreign exchange rates, and delivering strong outcomes despite the economic backdrop. These projections and statements are based on management's current estimates, assumptions or expectations with respect to future events and financial performance, and are believed to be reasonable, though are inherently uncertain and difficult to predict. In addition, as of the date of this press release, ESI has not completed its financial statement reporting process, and therefore the adjusted EBITDA expectations included herein remain subject to completion of its quarter-end financial close process. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, the war in Ukraine and the Israel-Hamas conflict and other hostilities in the Middle-East as well as actions in response thereto and their impact on market conditions and the global economy; increases in tariffs and/or imposition of new tariffs and other changes in trade policy, in the U.S. and other countries, and other economic factors that may affect cost structure and demand; capital requirements and need for and availability of financing; the Company's liquidity, cash flows and capital allocation; funding sources and capital expenditures; and the impact of acquisitions, divestitures, restructurings, refinancings, impairments and other unusual items, including the Company's ability to integrate and obtain the anticipated benefits, results and synergies from these items or other related strategic initiatives. Additional information concerning these and other factors that could cause actual results to vary is, or will be, included in the Company's periodic and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Bloomberg
30 minutes ago
- Bloomberg
CoreWeave to Buy Core Scientific in Roughly $9 Billion Deal
By Updated on Save CoreWeave Inc. said it has agreed to buy Core Scientific Inc. in an all-stock deal worth about $9 billion that will allow it to expand its artificial intelligence data center capacity. The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday. That represents a 66% premium over the closing price on June 25, the trading day before the Wall Street Journal reported that the two companies were in advanced talks.
