SK Telecom Co (NYSE:SKM) Stock, Quote.Headers.trade-ideas

SK Telecom Co

SK Telecom is South Korea's largest wireless telecom operator, with 31 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.9 million broadband customers and 9.5 million pay TV customers (6.8 million IPTV and 2.7 million Cable TV). While the firm also purchased stakes in businesses in security and semiconductor memory production as well as developing e-commerce and internet platform businesses, these were all spun off into the separate, SK Square business in November 2021. The company was formed after SK Group purchased KT's mobile business in 1994.

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Alaska Air, Orthofix Medical And Other Big Stocks Moving Lower In Monday&#39;s Pre-Market Session

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SK Telecom Co Ltd (NYSE: SKM) has chalked-out a plan to become a global AI company by 

SK Telecom Chalks Out AI Game Plan, Expects AI Investment To Triple

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Many of the largest technology companies are looking for new ways to invest in artificial intelligence, which includes investments in their own products and research, as well as taking stakes in smaller AI companies.

How Holding On To Anthropic Stake May Benefit FTX In Bankruptcy

SK Telecom Co Ltd

CHENGDA TECH CO LTD by Chengda Technology Co Ltd.

SGH plans to use the capital from SKT&#39;s investment to enhance SGH&#39;s capabilities and add to the Company&#39;s financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings.
SKT&#39;s current AI-related investments and partnerships include Anthropic, Lambda, and Perplexity. Along with these investments, a partnership and investment with SGH will advance SKT&#39;s goals in the AI value chain across these three pillars: AI semiconductor, AI infrastructure and AI services.

SMART Global Says SK Telecom Is Making $200M Preferred Equity Investment

Through the partnership, SK Telecom and Swift designed, deployed, and are jointly operating a carrier-grade network to deliver Swift&#39;s Skylark&reg; Precise Positioning Service across Korea. Skylark is a cloud-based service that improves the positioning accuracy of standard GNSS by up to 100x &ndash; from several meters down to just a few centimeters. It&#39;s a critical component in more than 8 million connected and autonomous vehicles and devices, including ADAS-enabled and autonomous cars, unmanned aerial aircraft, vehicle tracking solutions, and robotic equipment.

Reported Earlier, Swift Navigation, SK Telecom Collaborate On AI-Powered Location Technology For Korean Market

Swift Navigation ("Swift"), a market leader in precise positioning technologies for automotive, IoT, and mobile applications today announced its partnership with SK Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>, "SKT")))) to accelerate the deployment of AI-powered, location-based products in Korea. &nbsp;
Through the partnership, SK Telecom and Swift designed, deployed, and are jointly operating a carrier-grade network to deliver Swift's Skylark&#xAE; Precise Positioning Service across Korea. Skylark is a cloud-based service that improves the positioning accuracy of standard GNSS by up to 100x – from several meters down to just a few centimeters. It's a critical component in more than 8 million connected and autonomous vehicles and devices, including ADAS-enabled and autonomous cars, unmanned aerial aircraft, vehicle tracking solutions, and robotic equipment.

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Swift Navigation, SK Telecom Partner To Expand AI-Powered Location-Based Products In Korea

Reported Earlier, SK Telecom Collaborates With Aptos Labs, Brevan Howard And Microsoft To Bring Global Institutional Finance On-Chain With Aptos Ascend

Reported Earlier, SK Telecom Expands AI Assistant 'A.' Features to Android: Introduces Real-Time Call Translation

Under the MOU, SKT, Iceotope and SK Enmove will collaborate to deploy Precision Liquid Cooling (PLC)&#x2A; using SK Enmove&#39;s thermal fluid at SKT&#39;s AI Data Center Testbed. The deployment is to demonstrate PLC&#39;s value in cooling efficiency and power savings. Moreover, SKT will develop an integrated Coolant Distribution Unit (CDU) to support various liquid cooling systems with the technical support of Iceotope.

Reported Earlier, SKT Telecom, Iceotope, And SK Enmove Collaborate To Enhance AI Data Center Cooling Efficiency

Through the Joint Venture Company, the five companies plan to develop Large Language Models (LLMs) specifically tailored to the needs of telecommunications companies (telcos). The LLMs will be designed to help telcos improve their customer interactions via digital assistants and chatbots.&nbsp;The Joint Venture Company will be established within this year. &nbsp;

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SK Telecom, Deutsche Telekom, e& Group, Singtel And SoftBank Plan To Establish A Joint Venture

Nomura analyst Angela Hong downgrades SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) from Neutral to Reduce.

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Nomura Downgrades SK Telecom Co to Reduce

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the communication services sector:</h2>
<ol>
<li>KT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KT#NYSE">KT</a>) - P/E: 7.21</li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) - P/E: 4.8</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.76</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 5.87</li>
<li>Telecom Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEO#NYSE">TEO</a>) - P/E: 9.83</li>
</ol>
KT's earnings per share for Q2 sits at $0.6, whereas in Q1, they were at 0.47. This quarter, Weibo experienced an increase in earnings per share, which was $0.53 in Q2 and is now $0.57. SK Telecom Co has reported Q2 earnings per share at $0.63, which has increased by 10.53% compared to Q1, which was 0.57. Xunlei's earnings per share for Q3 sits at $0.08, whereas in Q2, they were at 0.13. Most recently, Telecom Argentina reported earnings per share at $0.23, whereas in Q2 earnings per share sat at $0.03. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Telecom Argentina Stet - France Telecom S.A.

XNET

5 Value Stocks To Watch In The Communication Services Sector

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:</h2>
<ol>
<li>Sphere Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPHR#NYSE">SPHR</a>) - P/E: 3.88</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.62</li>
<li>Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) - P/E: 7.63</li>
<li>GD Culture Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) - P/E: 0.21</li>
<li>Liberty Latin America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILAK#NASDAQ">LILAK</a>) - P/E: 9.88</li>
</ol>
This quarter, Sphere Entertainment experienced a decrease in earnings per share, which was $10.21 in Q4 and is now $1.9. SK Telecom Co's earnings per share for Q2 sits at $0.63, whereas in Q1, they were at 0.57. This quarter, Verizon Communications experienced an increase in earnings per share, which was $1.21 in Q2 and is now $1.22. Most recently, the company reported a dividend yield of 6.91%, which has decreased by 0.87% from last quarter's yield of 7.78%.
This quarter, GD Culture Group experienced a decrease in earnings per share, which was $-0.07 in Q2 and is now $-1.15. Liberty Latin America's earnings per share for Q3 sits at $0.29, whereas in Q2, they were at 0.17. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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A Look Into Communication Services Sector Value Stocks

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the communication services sector:</h2>
<ol>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 6.61</li>
<li>Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) - P/E: 3.36</li>
<li>VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) - P/E: 2.78</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.81</li>
<li>DISH Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>) - P/E: 2.98</li>
</ol>
Xunlei saw a decrease in earnings per share from 0.13 in Q2 to $0.08 now. This quarter, Cogent Comms Hldgs experienced a decrease in earnings per share, which was $-0.67 in Q2 and is now $-1.2. The company's most recent dividend yield sits at 5.88%, which has decreased by 0.37% from 6.25% last quarter. 
VEON saw a decrease in earnings per share from 0.14 in Q2 to $0.07 now. Its most recent dividend yield is at 11.03%, which has increased by 2.03% from 9.0% in the previous quarter.
SK Telecom Co's earnings per share for Q2 sits at $0.63, whereas in Q1, they were at 0.57. Most recently, DISH Network reported earnings per share at $-0.26, whereas in Q2 earnings per share sat at $0.31. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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U.S. stock futures traded lower this morning, with the Dow Jones futures falling more than 50 points on Monday.
Shares of Alaska Air Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) shares moved lower in pre-market trading after the company announced plans to acquire Hawaiian Holdings in a <a href="https://www.benzinga.com/m-a/23/12/36061992/alaska-air-set-to-acquire-hawaiian-airlines-in-a-1-9b-deal">deal worth $1.9 billion</a>.
Both airlines will retain their individual brands, a decision prompted by respect for their nearly century-long history and the communities to whom they provide services.
Alaska Air Group shares declined 9.4% to $36.01 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Virgin Galactic Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spce#NYSE">SPCE</a>) shares dipped 10.3% to $2.10 in pre-market trading after gaining around 5% on Friday.</li>
<li>Trupanion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trup#NASDAQ">TRUP</a>) shares fell 8% to $27.00 in pre-market trading. Trupanion filed prospectus for potential offering of up to 3.6 million shares of common stock.</li>
<li>SK Telecom Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skm#NYSE">SKM</a>) shares fell 6.4% to $20.62 in pre-market trading.</li>
<li>Avid Bioservices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdmo#NASDAQ">CDMO</a>) shares declined 5.9% to $4.70 in pre-market trading.</li>
<li>Orthofix Medical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ofix#NASDAQ">OFIX</a>) shares fell 5.4% to $10.52 in pre-market trading. Sealed Air will replace Orthofix Medical in the S&amp;P SmallCap 600, effective prior to the open of trading on Dec. 18.</li>
<li>Genie Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gne#NYSE">GNE</a>) shares declined 4.3% to $22.63 in pre-market trading.</li>
<li>Nokia Oyj (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>) shares fell 3.7% to $3.36 in pre-market trading.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/23/12/36063396/investor-sentiment-increases-as-s-p-500-reaches-2023-record"> Investor Sentiment Increases As S&amp;P 500 Reaches 2023 Record </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Alaska Air, Orthofix Medical And Other Big Stocks Moving Lower In Monday's Pre-Market Session

SK Telecom Co Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skm#NYSE">SKM</a>) has chalked-out a plan to become a global AI company by&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/n34886254/sk-telecom-announces-ai-pyramid-strategy-to-become-a-global-ai-company" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">unveiling a new &#39;AI Pyramid Strategy.&#39;</a>
The company will boost its AI competitiveness and collaborate with international partners.&nbsp;
Per the new strategy, the company will focus on three key areas: AI Infrastructure, AI Transformation (AIX), and AI Service.
AI Infrastructure:&nbsp;The segment will comprise a data center, AI semiconductor, and multi-LLM and serve as a technology platform.
The company plans to expand its data center business to the global market, aiming to almost double its capacity by 2030.
Sapeon, an AI semiconductor company established by SKT, will launch a next-generation inference AI chip X330, at the end of this year.
The company invested $100 million in&nbsp;Anthropic&nbsp;last month and KRW 22.4 billion in Konan Technology last year. It is working with both companies to develop LLM customized to telcos and enterprise markets.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34864031/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Amazon Invests Up To $4 Billion In ChatGPT Competitor, AI Startup Anthropic</a>
AI&nbsp;Transformation:&nbsp;SKM expects to focus its existing core business areas like mobile, broadband, and enterprise with AI, along with expanding into new business areas such as mobility, AI healthcare, media, and advertising technology.&nbsp;
The company expects AI to drive 20% to 30% cost reduction vs. the current level in the mid-to-long term.
AI Service: The company also targets launching the world&#39;s first Korean LLM service, &#39;A.&#39; released in the beta version in 2022.&nbsp;
The company plans to expand its presence in the global AI service market by launching personal AI assistant services simultaneously in several countries globally.
The company expects the proportion of AI-related investment to approximately triple to 33% (2024-2028) over the next five years from 12% over the past five years (2019-2023).
&quot;Destructive innovation triggered by generative AI is already creating new value in all areas of industry, society, and life. With our AI Pyramid Strategy, we will make accelerated moves to strengthen our own capabilities and cooperate with diverse partners, and expand our AI-related resource investments. Through these efforts, we aim to become a global AI company that benefits customers, increases industry productivity, and solves social problems with innovative technologies and services,&quot; said Ryu Young-sang, CEO.&nbsp;
Price Action: SKM shares closed lower by 0.09% at $21.09 on Monday.

SK Telecom Announces 'AI Pyramid Strategy' Focusing On Infrastructure, Transformation, And Service

Many of the largest technology companies are looking for new ways to invest in artificial intelligence, which includes investments in their own products and research, as well as&nbsp;taking stakes in smaller <a href="http://www.benzinga.com/topic/artificial-intelligence">AI companies</a>.
On Monday, Amazon.com, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) announced an investment in the privately held AI company Anthropic. Here&rsquo;s a look at past investments in Anthropic and who benefits from today&rsquo;s news.
What Happened: Amazon <a href="https://www.benzinga.com/news/large-cap/23/09/34864031/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic">announced a new collaboration </a>with Anthropic that will see the companies work together on the development of AI models and provide access to the tools to Amazon Web Services customers.
The e-commerce leader said it will invest up to $4 billion in Anthropic with a minority ownership position in the company.
&ldquo;We have tremendous respect for Anthropic&rsquo;s team and foundation models, and believe we can help improve many customer experiences, short and long-term, through our deeper collaboration,&rdquo; Amazon CEO Andy Jassy said.
Amazon will invest an initial $1.25 billion in Anthropic&nbsp;with an option to increase its total investment to $4 billion, according <a href="http://techcrunch.com/2023/09/25/amazon-to-invest-up-to-4-billion-in-ai-startup-anthropic/">to</a> TechCrunch.
Anthropic plans to raise up to $5 billion over the next two years to help fund and launch its subscription plan for Claude 2, a chatbot&nbsp;and to build a &ldquo;frontier model&rdquo; called Claude-Next.
The private artificial intelligence company has raised around $2.7 billion and was valued at $5 billion earlier this year.
The valuation of the company based on Amazon&rsquo;s investment is not known.
The large investment in Anthropic by Amazon follows one of the biggest financial news stories of 2023 with Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30527688/microsoft-ramps-efforts-to-build-ai-supercomputer-with-chatgpt-ahead-of-q2-earnings">investing an additional </a>$10 billion in ChatGPT parent company OpenAI in January.
Related Link: <a href="https://www.benzinga.com/news/23/09/34366021/elon-musk-sam-altman-grimes-jensen-huang-are-among-time-magazines-top-artificial-intelligence-voices">Elon Musk, Sam Altman, Grimes, Jensen Huang Are Among TIME Magazine&#39;s Top Artificial Intelligence Voices</a>
Anthropic Investors: Founded in 2021 by former OpenAI employees, Anthropic has quickly become one of the most valuable private artificial intelligence companies and attracted some of the top investors.
The company has<a href="https://www.benzinga.com/news/large-cap/23/08/33838808/ai-startup-anthropic-bags-100m-from-south-korean-telecom-giant-amid-sectors-rise"> attracted investments</a> from the likes of Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), Salesforce Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), Zoom Video Communication (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>) and SK Telecom Co Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skm#NYSE">SKM</a>).
Alphabet<a href="https://www.benzinga.com/news/23/06/32860795/alphabet-inc-backed-ai-startup-anthropic-raises-450-million"> invested around </a>$300 million for a reported 10% stake in the company in June as part of a $450-million funding round.
One of the investors in Anthropic&nbsp;via his Sound Ventures firm&nbsp;is actor&nbsp;Ashton Kutcher. In a speech earlier this year, Kutcher <a href="https://www.benzinga.com/general/entertainment/23/05/32192147/ashton-kutcher-says-companies-not-investing-in-ai-will-go-out-of-business-and-hes-putting-h">highlighted the growth </a>of artificial intelligence and how companies that don&rsquo;t invest in the space could fall behind.
&ldquo;We believe this is potentially the most significant technology we will experience since the advent of the internet,&rdquo; Kutcher said of AI.
Sound Ventures, which is also an investor in OpenAI, raised money this year to invest in additional AI companies.
Another investor in Anthropic is Cathie Wood via the Ark Venture Fund. Wood has been a strong believer in the future value of companies using artificial intelligence. Anthropic, along with Replit and MosaicML are the <a href="https://www.benzinga.com/etfs/specialty-etfs/23/08/33966459/is-nvidia-overpriced-cathie-woods-ark-invest-points-to-3-other-stocks">three privately owned</a> companies she recently highlighted in which the fund is invested.&nbsp;
Another early investor in Anthropic was FTX, the bankrupt cryptocurrency platform co-founded by its former CEO&nbsp;Sam Bankman-Fried.
FTX Wins on Investment: Benzinga previously reported on an <a href="https://www.benzinga.com/news/23/02/30745316/sbf-girlfriend-plowed-funds-into-chatgpt-like-firm-now-google-wants-a-piece">investment in Anthropic</a> by FTX and Alameda. Anthropic raised $580 million in a Series B funding round that included FTX and Alameda.
According to <a href="https://www.crunchbase.com/organization/anthropic">Crunchbase</a>, the Series B was led by&nbsp;Bankman-Fried. Other investors listed for the company include Caroline Ellison, the former CEO of Alameda, and Nishad Singh, the former director of engineering at FTX.
While it is unclear exactly what valuation FTX invested in Anthropic at, it was significantly lower than the $4-to-$5-billion valuation the AI company had earlier this year&nbsp;and likely even lower than the new valuation created by the Amazon investment.
As part of its bankruptcy filing, the $500-million stake in Anthropic was unveiled and became a highly sought-after asset in the bankruptcy proceedings of selling off items to help pay back debtors.
In June, FTX <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/33040841/ftx-halts-sale-of-ai-startup-anthropic-despite-whopping-9-figure-price-tag-report">paused plans to sell </a>its stake in Anthropic, valued at $500 million.
A few months later, there is a high possibility that FTX&rsquo;s stake in Anthropic is worth more and likely even more in demand from a prominent investor.
The big news in the cryptocurrency space recently was FTX being <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34549075/ftx-gets-green-light-to-liquidate-3-4b-in-crypto-to-pay-off-creditors">allowed to sell</a> the cryptocurrency it was holding, including Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Total crypto assets of $3.4 billion could be sold off to help pay debtors and get the company past bankruptcy.
The company&rsquo;s stake in Anthropic could be just as big of news, and holding the stake for an extra three months could have a huge benefit for the bankruptcy procedure for the cryptocurrency platform.
Benzinga&#39;s Take:&nbsp;With Amazon and Alphabet, two of the world&rsquo;s biggest companies, now investors in Anthropic, expect FTX&rsquo;s stake in the company to attract some major attention when it goes back on the sale block.
Read Next:&nbsp;<a href="https://www.benzinga.com/government/23/09/34693423/ai-at-crossroads-as-us-uk-leaders-tackle-tech-monopolies-ethical-dilemmas">AI At Crossroads As US, UK Leaders Tackle Tech Monopolies, Ethical Dilemmas</a>
Photo via Pixabay.&nbsp;

Streaming giant Netflix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>)&nbsp;had many hit series and movies over the years. Of all the content on Netflix, none came close to the <a href="https://www.benzinga.com/news/21/10/23284218/squid-game-mania-takes-over-what-it-could-mean-for-netflix-and-this-apparel-stock">record-setting performance of &ldquo;Squid Game.&rdquo;</a>
The massive success of &ldquo;Squid Game&rdquo; led to a lawsuit from a leading telecommunications company over increased network traffic. The lawsuit has been resolved with a partnership announced this week.
What Happened: Netflix and telecommunications company SK Telecom Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skm#NYSE">SKM</a>) have<a href="https://www.benzinga.com/news/21/10/23189129/netflix-countersued-by-south-korean-firm-following-traffic-surge-due-to-squid-game"> been in a battle </a>since 2020 relating to broadband usage. After increased traffic demand due to &ldquo;Squid Game,&rdquo; SK Telecom unit SK Broadband sued the streaming company.
SK said at the time that Netflix was the second largest data traffic generator, trailing only Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>)(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)-owned YouTube. Other big traffic generators including Amazon, Apple and Facebook were said to be paying SK Broadband.
After three years and several lawsuits, Netflix, SK Telecom and SK Broadband are putting their differences aside and <a href="https://about.netflix.com/en/news/sk-telecom-sk-broadband-and-netflix-establish-strategic-partnership-to">announced </a>a partnership.
The partnership will see bundled packages offered for customers with Netflix, SK Telecom and SK Broadband items offered together. The bundle packages have different price points offered to consumers.
Additional plans will be offered with Netflix and SK Telecom&rsquo;s subscription service T Universe bundled together and additional plans with Netflix&rsquo;s ad-supported lower-priced plan.
The new bundles will be released in the first half of 2024, according to the companies.
Alongside the new partnership and bundle options, Netflix and the SK Telecom units will explore levering AI technologies from SK that could create &ldquo;better entertainment experiences for customers.&rdquo;
As part of the partnership, SK Broadband and Netflix are ending all past disputes.
&ldquo;Netflix is committed to creating and delivering the best stories to members in Korea and audiences worldwide, and we have high expectations for the journey ahead as partners serving our customers with SK Telecom and SK Broadband,&rdquo; Netflix Vice President of APAC Partnerships Tony Zameczkowski said.
Related Link:<a href="https://www.benzinga.com/general/entertainment/23/07/33190639/netflix-launching-zombie-reality-series-heres-why-a-contestant-says-were-going-to-die"> Netflix Launching Zombie Reality Series: Here&#39;s Why A Contestant Says We&#39;re Going To Die</a>
Why It&rsquo;s Important: The newly signed partnership does not have financial details, but could see Netflix off the hook for paying out a fee related to the increased network demands SK Broadband had during &ldquo;Squid Game&rsquo;s&rdquo; peak popularity.
A South Korean court listed a cost of around $23 million that Netflix should have to pay for the increased network demands realized by SK Broadband, <a href="https://www.theverge.com/2023/9/18/23879475/netflix-squid-game-sk-broadband-partnership">according </a>to The Verge.
Resolving the lawsuits and announcing the partnership comes as Netflix has been<a href="https://www.benzinga.com/general/entertainment/23/04/31980279/netflix-to-boost-south-korean-content-with-2-5b-investment-riding-on-success-of-squid-game"> spending additional money</a> in South Korea on new content and has more &ldquo;Squid Game&rdquo; related content coming.
A <a href="https://www.benzinga.com/general/entertainment/22/06/27670809/green-light-squid-game-2-gets-teaser-from-netflix-director-shares-details">sequel to the hit series</a> is planned for Netflix and the streaming giant also has a <a href="https://www.benzinga.com/general/entertainment/22/06/27711523/netflix-hosting-squid-game-reality-show-how-you-can-apply-and-how-much-you-can-win">reality show based</a> on the hit show coming to the platform in the future.
&ldquo;Squid Game&rdquo; holds the Netflix record with 1.65 billion hours watched in the first 28 days of availability. The series was watched by 142 million member households in the first four weeks on Netflix.
Netflix ended the most recently reported<a href="https://www.benzinga.com/news/earnings/23/07/33292423/netflix-shares-rewind-from-52-week-highs-q2-revenue-miss-earnings-beat-subscriber-growth"> second quarter</a> with 238.39 million global paid subscribers.
Read Next:<a href="https://www.benzinga.com/general/entertainment/23/09/34243947/breaking-bad-didnt-break-the-bank-for-netflix-series-star-aaron-paul-made-0-from-streaming-"> Breaking Bad Didn&#39;t Break The Bank For Netflix: Series Star Aaron Paul Made $0&nbsp;From Streaming Giant&nbsp;</a>
Photo: Shutterstock

NFLX

'Squid Game' Was So Popular On Netflix, It Got Sued: Three Years Later A Partnership Is Forged

Artificial intelligence (AI) startup Anthropic, co-founded by former OpenAI leaders, secured a $100 million investment from South Korean telecommunications behemoth, SK Telecom Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>).
The announcement came three months after Anthropic&#8217;s Series C funding round led by Spark Capital which raised $450 million.
SK Telecom&#8217;s strategic investment highlights its plans to partner with Anthropic in crafting a multilingual large language model tailored for international telecommunications corporations, according <a href="https://techcrunch.com/2023/08/14/ai-startup-anthropic-raises-100m-from-korean-telco-giant-sk-telecom/">to</a> Tech Crunch.
The model aims to provide customized AI solutions for Global Telco AI Alliance members such as Deutsche Telekom, e&amp; and Singtel. The solutions will cater to the nuanced requirements of their specific markets in languages spanning English, Korean, German, Japanese, Arabic and Spanish, Tech Crunch said.
Anthropic&#8217;s LLM: Launched in 2021 and principally founded by Daniela and Dario Amodei, Anthropic has been sculpting an AI system, Claude, comparable to OpenAI's Chat GPT. The system enables businesses to streamline search functions, automation, coding and various other tasks. Read Also: <a href="https://www.benzinga.com/news/23/08/33819137/dont-worry-why-chatgpt-parents-potential-bankruptcy-concern-isnt-bothering-this-top-tech-analyst">&#8216;Don&#8217;t Worry:&#8217; Why ChatGPT Parent&#8217;s Potential Bankruptcy Concern Isn&#8217;t Bothering This Top Tech Analyst</a>
SK Telecom&#8217;s CEO Ryu Young-sang expressed optimism about melding Korean language-oriented LLMs (large language models) with Anthropic's AI capabilities to spearhead the AI ecosystem, the report said.
AI Fever Spreading Globally: AI's leap into mainstream industries hasn&#8217;t escaped the keen eye of celebrities. Actor and entrepreneur Ashton Kutcher underscored an <a href="https://www.benzinga.com/general/entertainment/23/05/32192147/ashton-kutcher-says-companies-not-investing-in-ai-will-go-out-of-business-and-hes-putting-h">undeniable opportunity in AI</a>, raising $243 million earlier this year to invest in various AI startups.
Kutcher, with a proven investment track record in tech unicorns such as Airbnb, Uber and Spotify, is bullish about AI&#8217;s potential to revolutionize sectors including education, medicine and law.
Similarly, Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) $300 million investment in Anthropic to secure roughly a 10% stake underscores Google's resolve to remain a frontrunner in the AI race.
Potential Pitfalls? In the venture capital world, investments come with their own baggage.
Google&#8217;s affiliation with Anthropic, backed by the now-defunct FTX platform, raised eyebrows with speculation about the <a href="https://www.benzinga.com/news/23/02/30745316/sbf-girlfriend-plowed-funds-into-chatgpt-like-firm-now-google-wants-a-piece">dubious origins of FTX&#8217;s funds</a> potentially being channeled into Anthropic.
Still, the AI industry continues its meteoric rise, with big players such as SK Telecom entering the fray and pioneers Kutcher and Anthropic championing its cause. Read Next: <a href="https://www.benzinga.com/news/earnings/23/08/33826337/monday-com-q2-results-show-42-revenue-growth-elevated-customer-retention-ai-assistant-launch">Monday.com Q2 Results Show 42% Revenue Growth, Elevated Customer Retention, AI Assistant Launch</a>
Photo: Shutterstock

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AI Startup Anthropic Bags $100M From South Korean Telecom Giant Amid Sector's Rise

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the communication services sector that may be worth watching:</h2>
<ol>
<li>Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) - P/E: 8.53</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 7.79</li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) - P/E: 9.44</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.99</li>
<li>Liberty TripAdvisor Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRPA#NASDAQ">LTRPA</a>) - P/E: 2.38</li>
</ol>
Nexstar Media Gr saw a decrease in earnings per share from 5.3 in Q4 to $2.97 now. The company's most recent dividend yield sits at 3.13%, which has increased by 0.38% from 2.75% last quarter. 
Most recently, Xunlei reported earnings per share at $0.08, whereas in Q4 earnings per share sat at $0.05. Most recently, Hello Gr reported earnings per share at $0.34, whereas in Q4 earnings per share sat at $0.36. Most recently, SK Telecom Co reported earnings per share at $0.57, whereas in Q4 earnings per share sat at $0.39. This quarter, Liberty TripAdvisor Hldgs experienced a decrease in earnings per share, which was $0.26 in Q4 and is now $-0.41. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

LTRPA

MOMO

NXST

5 Value Stocks In The Communication Services Sector

On Friday, shares of Sk Telecom (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skm#NYSE">SKM</a>) experienced volatile short activity. After the activity, the stock price went up +0.98% to $19.51.
The overall sentiment for SKM has been Bearish.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 6/30/2023 with a volatility change of +40.24%. The current volatility indicator stands at 18.974.
Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

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Short Volatility Alert: Sk Telecom

Joby Aviation, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/joby#NYSE">JOBY</a>) is shooting higher Thursday after receiving an<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/06/b33054872/joby-welcomes-100-million-investment-as-it-expands-partnership-with-sk-telecom" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;investment worth $100 million&nbsp;</a>from South Korea&#39;s leading telecommunications company&nbsp;SK Telecom Co., Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skm#NYSE">SKM</a>).
The development paves the way for Joby to participate alongside SKM in Korea&#39;s &quot;K-UAM Grand Challenge,&quot; led by the Korean Ministry of Land, Infrastructure, and Transport, to foster the adoption of aerial ridesharing in Korea.
&quot;We&#39;re grateful for SKT&#39;s commitment to Joby and look forward to working with them as we develop a transformational air taxi service for Korea,&quot; said JoeBen Bevirt, founder and CEO of Joby Aviation.
The investment is part of an expanded partnership between the two companies. Joby and SKM first signed a strategic collaboration agreement in February 2022.
According to a regulatory filing, on June 27, 2023, Joby Aviation has agreed to sell and issue to SK Telecom, in a private placement,&nbsp;<a class="editor-rtfLink" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1819848/000181984823000255/joby-20230627.htm" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">15.03 million</a>&nbsp;shares at $6.65 per share.
&quot;We will do our utmost to promote the demonstration and commercialization of urban air mobility in Korea, based on our partnership with Joby Aviation,&quot; stated Ryu Young-sang, CEO of SK Telecom.&nbsp;
&quot;This technology promises to greatly reduce customers&#39; travel time and we look forward to turning Korea into a mobility powerhouse,&quot; Young-sang added.
On June 28, Joby received a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33041690/joby-stock-is-taking-off-wednesday-whats-going-on" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Special Airworthiness Certificate</a>, allowing the company to begin flight testing its first production prototype built at its Pilot Production Line in California.&nbsp;
Price Action:&nbsp;JOBY shares are trading higher by 17.4% to $10.52 in the premarket session on the last check Thursday.
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Why Joby Aviation Stock Is Flying Higher Today

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Sk Telecom (SKM) has released an update. SK Telecom Co., Ltd. has announced a quarterly cash dividend of 830 Won per common stock, with a total div...

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6G is the sixth generation of cellular technology. The tech will be a massive leap forward from 5G, its predecessor, and will have ultra-high speeds (up to 500 times faster than 5G). 



But it won&rsquo;t just be about speed. 6G technology will have near-instantaneous response times and the ability to support billions of connected devices concurrently.



Due to these benefits, 6G, which is expected to be here by 2030, will dramatically change how we do things and our daily lives. Whether it&rsquo;s meetings, social media, transportation and even agriculture, 6G will create a more efficient way of doing things.



The 6G market value is expected to reach around $40.5 billion in the next eight years. The industry <a href="https://www.custommarketinsights.com/report/6g-market/">was worth</a> about $5.9 billion last year and is expected to grow to $40.5 billion by 2032. In other words, there&rsquo;s a ton of promise for this industry.



Here are the best 6G stocks to buy this August.



<h2>InterDigital (IDCC)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/02/idccmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>InterDigital (NASDAQ:<a href="https://investorplace.com/stock-quotes/idcc-stock-quote/">IDCC</a>) is a wireless technology company that has been developing digital cellular and wireless products and networks for decades. Currently, the company is laying the groundwork for migration from 5G to 6G by investing heavily in research.&nbsp;



InterDigital is one of the best 6G stocks to buy right now by virtue of its impressive <a href="https://finance.yahoo.com/quote/IDCC/history/">price trajectory</a> over the last two years. At a time like this in 2022, shares exchanged hands at around $60 apiece. Right now, at $136,&nbsp;that&rsquo;s a surge of nearly 130%. This year alone, the share price has popped 25%.



The latest bump in price is on the back of InterDigital&rsquo;s <a href="https://www.investing.com/news/stock-market-news/earnings-call-interdigital-raises-fullyear-guidance-on-robust-q2-results-93CH-3553703">second-quarter results.</a> Not only did it raise its full-year guidance for 2024, it beat estimates and registered an increase in revenue and net and non-GAAP income compared to last year&rsquo;s quarter.



<h2>SK Telecom (SKM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/skm-stock-1-300x169.jpg" alt="The logo for SK Telecoms displayed on an office building."><div>Source: Sundry Photography / Shutterstock.com</div></div>SK Telecom (NYSE:<a href="https://investorplace.com/stock-quotes/skm-stock-quote/">SKM</a>) provides wireless telecommunications and internet services for mobile phones, wireless data, and information communication solutions. The company is headquartered in Seoul, South Korea, and is the largest mobile operator in the East Asian country, with control of over 50% of the local market share.&nbsp;



In Feb, SK Telecom <a href="https://www.kedglobal.com/tech,-media-telecom/newsView/ked202402010012">announced</a> a joint deal with Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) to create new technology to speed up the arrival of 6G networks, expanding its footprint in the race to 6G.&nbsp;



Investors will know the company&rsquo;s financial standing when it releases its second-quarter results on Aug 6. But based on its <a href="https://www.sktelecom.com/en/press/press_detail.do?idx=1608#:~:text=SK%20Telecom%20(NYSE%3ASKM%2C,income%20of%20KRW%20361.9%20billion.">earnings</a> for last quarter and <a href="https://www.marketwatch.com/investing/stock/skm/analystestimates?mod=mw_quote_analyst">analyst ratings,</a> SK Telecom is among the best 6G stocks to buy this month.&nbsp;



Between January and March, the company&rsquo;s consolidated revenue and operating income moved up 2.3% and 0.8%, respectively, compared to the same period a year prior. Even more impressive was its net income performance, which gained 19.6%. Sales from its AI segment increased 10%.&nbsp;



<h2>Apple (AAPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/aapl1600-300x169.png" alt="Apple (AAPL) logo brand and text sign on entrance facade store American multinational boutique corporation dealership shop. Apple Layoffs"><div>Source: sylv1rob1 / Shutterstock.com</div></div>Last year, Bloomberg reported Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) was recruiting engineers to work on 6G technology. One job listing from the Silicon Valley-headquartered firm was for a cellular platform architect who&rsquo;d evaluate 6G and create prototypes. The iconic tech company is quietly working on 6G, which is exciting for Apple product users and the future of the technology.



Investors looking to bet on 6G cannot go wrong with Apple. For starters, it&rsquo;s one of just six companies worldwide to cross the trillion-dollar market cap. It was also the first company to achieve a $3 trillion valuation worldwide.



In addition, Apple shares have risen 17% year-to-date. It booked $85.8 billion in revenue last quarter &mdash; 5% more than the previous year. <a href="https://www.apple.com/newsroom/2024/08/apple-reports-third-quarter-results/">Earnings per share</a> clocked in at $1.40 &mdash; 11% higher than last year. This signals Apple&rsquo;s solid financial health. It&rsquo;s an ideal go-to for investors looking for only the best 6G stocks in the market.



On the date of publication, Hope Mutie did not have (either directly or indirectly) any positions in the stocks mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com&rsquo;s <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/#:~:text=InvestorPlace.com%20asks%20writers%20to,strive%20to%20link%20to%20it.">Publishing Guidelines.</a>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Hope Mutie is a writer who&rsquo;s enthusiastic about finance and crypto. At InvestorPlace, she keeps her finger on the pulse of the stock and crypto markets to create insightful and info-rich content to help investors navigate the market with confidence.</div><h3>More From InvestorPlace</h3>
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SK Telecom Co (NYSE:<a href="https://investorplace.com/stock-quotes/skm-stock-quote/">SKM</a>) just reported results for the second quarter of 2024.<ul><li>SK Telecom Co reported earnings per share of 63 cents.</li><li>The company reported revenue of $3.22 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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SK Telecom Co (SKM) Forecast

SK Telecom Co (NYSE:SKM) Stock, Quote.Headers.trade-ideas