We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will SK Telecom's Unique AI-Powered Initiatives Drive the Stock?
Read MoreHide Full Article
SK Telecom Co. (SKM - Free Report) recently unveiled its cutting-edge SKT GPU-as-a-Service (GPUaaS) at its AI Data Center (AIDC) in Gasan, Seoul, South Korea. This artificial intelligence (AI)-driven initiative offers businesses access to scalable and customizable graphics processing unit (GPU) resources to meet their AI needs.
With the ability to select the count and duration of GPUs, companies can scale their operations, meeting the unique demands of various AI services. The GPUaaS also empowers businesses to configure customized packages tailored to specific requirements, including standalone servers, firewalls and dedicated network lines. Pricing for GPUaaS is decided according to multiple factors, such as contract duration, the number of GPUs required and the preferred billing options.
To ensure the efficiency of GPUaaS, SK Telecom has partnered with Lambda, a top global GPU cloud company. Through this strategic investment, SKM has secured a stable supply of GPUs while leveraging Lambda's technical expertise in GPU technology. This collaboration augments SK Telecom's capacity to meet the evolving computational demands of AI-driven enterprises.
In October 2024, SKM unveiled the AI Cloud Manager, a solution designed to advance GPU resource management. This innovative tool streamlines GPU management by treating multiple GPU resources as a unified computing entity. Businesses can significantly reduce the time required for AI model training, facilitating faster development cycles. By combining AI Cloud Manager with GPUaaS, SK Telecom allows enterprises to manage GPU resources with improved efficiency.
Furthermore, the latest GPUaaS innovation uses NVIDIA H100 Tensor Core GPUs. SK Telecom aims to integrate one of NVIDIA's latest GPUs, the H200 Tensor Core, by the first quarter of 2025. By bringing the H200 to South Korea, SK Telecom aims to accelerate the development of AI technologies and services by domestic companies and simultaneously fuel the growth of its GPUaaS customer base.
SKM’s AI-Embedded Innovations Gain Healthy Traction
SK Telecom strides toward strengthening its foothold in the AI infrastructure landscape. As industries increasingly rely on AI to stay competitive, SKM’s cutting-edge solutions empower them to remain on top of the game. Recently, the company entered into an agreement with SK hynix and Penguin Solutions to mutually foster the research, development and business expansion of AIDC solutions. In December 2024, it invested $3 million in Twelve Labs to bolster multimodal AI applications across a broad spectrum of industries. SKM has also collaborated with global LLM leaders to develop an advanced AI system for telecom.
The company’s relentless efforts to drive AI-powered innovations and growth are likely to impress investors, reflecting positively in its share performance.
In the last reported quarter, SKM reported consolidated revenues of KRW 4.5321 trillion, marking a 2.9% year-over-year increase, driven by robust growth in roaming services and the enterprise sector. Operating income grew 7.1% to KRW 533.3 billion, aided by improved efficiency through AI integration and strengthened fundamentals from operational improvements.
SKM’s Zacks Rank & Stock Price Performance
SK Telecom currently carries a Zacks Rank #3 (Hold). Shares of the company have risen 0.2% in the past year against the sub-industry's decline of 14.6%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. It has a long-term growth expectation of 17.44%.
Ubiquiti’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.
Qualcomm is well-positioned to meet its long-term revenue targets driven by solid 5G traction, greater visibility and a diversified revenue stream. It is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Will SK Telecom's Unique AI-Powered Initiatives Drive the Stock?
SK Telecom Co. (SKM - Free Report) recently unveiled its cutting-edge SKT GPU-as-a-Service (GPUaaS) at its AI Data Center (AIDC) in Gasan, Seoul, South Korea. This artificial intelligence (AI)-driven initiative offers businesses access to scalable and customizable graphics processing unit (GPU) resources to meet their AI needs.
With the ability to select the count and duration of GPUs, companies can scale their operations, meeting the unique demands of various AI services. The GPUaaS also empowers businesses to configure customized packages tailored to specific requirements, including standalone servers, firewalls and dedicated network lines. Pricing for GPUaaS is decided according to multiple factors, such as contract duration, the number of GPUs required and the preferred billing options.
To ensure the efficiency of GPUaaS, SK Telecom has partnered with Lambda, a top global GPU cloud company. Through this strategic investment, SKM has secured a stable supply of GPUs while leveraging Lambda's technical expertise in GPU technology. This collaboration augments SK Telecom's capacity to meet the evolving computational demands of AI-driven enterprises.
In October 2024, SKM unveiled the AI Cloud Manager, a solution designed to advance GPU resource management. This innovative tool streamlines GPU management by treating multiple GPU resources as a unified computing entity. Businesses can significantly reduce the time required for AI model training, facilitating faster development cycles. By combining AI Cloud Manager with GPUaaS, SK Telecom allows enterprises to manage GPU resources with improved efficiency.
SK Telecom Co., Ltd. Price and Consensus
SK Telecom Co., Ltd. price-consensus-chart | SK Telecom Co., Ltd. Quote
Furthermore, the latest GPUaaS innovation uses NVIDIA H100 Tensor Core GPUs. SK Telecom aims to integrate one of NVIDIA's latest GPUs, the H200 Tensor Core, by the first quarter of 2025. By bringing the H200 to South Korea, SK Telecom aims to accelerate the development of AI technologies and services by domestic companies and simultaneously fuel the growth of its GPUaaS customer base.
SKM’s AI-Embedded Innovations Gain Healthy Traction
SK Telecom strides toward strengthening its foothold in the AI infrastructure landscape. As industries increasingly rely on AI to stay competitive, SKM’s cutting-edge solutions empower them to remain on top of the game. Recently, the company entered into an agreement with SK hynix and Penguin Solutions to mutually foster the research, development and business expansion of AIDC solutions. In December 2024, it invested $3 million in Twelve Labs to bolster multimodal AI applications across a broad spectrum of industries. SKM has also collaborated with global LLM leaders to develop an advanced AI system for telecom.
The company’s relentless efforts to drive AI-powered innovations and growth are likely to impress investors, reflecting positively in its share performance.
In the last reported quarter, SKM reported consolidated revenues of KRW 4.5321 trillion, marking a 2.9% year-over-year increase, driven by robust growth in roaming services and the enterprise sector. Operating income grew 7.1% to KRW 533.3 billion, aided by improved efficiency through AI integration and strengthened fundamentals from operational improvements.
SKM’s Zacks Rank & Stock Price Performance
SK Telecom currently carries a Zacks Rank #3 (Hold). Shares of the company have risen 0.2% in the past year against the sub-industry's decline of 14.6%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are InterDigital, Inc. (IDCC - Free Report) , Ubiquiti Inc. (UI - Free Report) and Qualcomm Incorporated (QCOM - Free Report) . IDCC & UI presently sport a Zacks Rank #1 (Strong Buy), while QCOM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks. It has a long-term growth expectation of 17.44%.
Ubiquiti’s effective management of its strong global network of more than 100 distributors and master resellers improved its visibility for future demand and inventory management techniques. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.
Qualcomm is well-positioned to meet its long-term revenue targets driven by solid 5G traction, greater visibility and a diversified revenue stream. It is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge.