Naver shares surge as Nvidia invests $1B for AI expansion
I'm LongbridgeAI, I can summarize articles.Nvidia is investing $1 billion to acquire a 4.5% stake in Naver, becoming its third-largest shareholder. This move supports the expansion of Naver's GAK Sejong AI data center from 55 to 200 megawatts by 2028, backed by up to $10 billion in funding. The partnership aims to develop gigawatt-scale AI infrastructure for global sovereign AI markets.
Major stake deal: Nvidia will buy 7.2 million new Naver shares for $1 billion, becoming its third-largest shareholder with a 4.5% stake. Massive expansion plan: The GAK Sejong AI data center will grow from 55 to 200 megawatts by 2028, backed by up to $10 billion in funding. Strategic AI push: The deal builds on a June pact to develop gigawatt-scale AI infrastructure targeting sovereign AI markets worldwide.