Naver Shares Jump 4.13% After Securing $9B AI Infrastructure Deal

Key Facts

1NH Investment & Securities expects Naver's share price to rebound as concerns over its NeoCloud business ease.

2Naver signed a contract to secure $9 billion in computing service infrastructure needed to build an AI factory.

3Naver's after-market share price rose 4.13% following the infrastructure deal news.

Naver signed a contract to secure $9 billion in computing service infrastructure required to build an AI factory. Chosunbiz reported that Naver's share price rose 4.13% in after-market trading following the announcement of the infrastructure deal.

NH Investment & Securities expects Naver's share price to rebound as investor concerns regarding its NeoCloud business unit diminish. Under the agreement, Brookfield will invest in the infrastructure within Korea while Naver Cloud leads operations, with related revenue and operating profits expected to be reflected in Naver's consolidated results.