Naver market cap plunges due to AI stumbles, interest rate hike
newscatcher
2023-09-06 03:40
Naver market cap plunges due to AI stumbles, interest rate hike
Naver Corp.'s Chief Executive Officer Choi Soo-yeon is making a presentation on the HyperCLOVA X at the Team NAVER Conference Dan 2023 held in Seoul on Aug. 24. [Courtesy of Naver] Naver Corp., South Korea‘s leading information and technology company, lost nearly 4 trillion won ($3 billion) in market capitalization over the past month as interest rates rise and the company's generative AI disappoints in its performance.According to the Korea Exchange on Wednesday, Naver's market cap stood at 34.7 trillion won as of Tuesday, representing a loss of about 3.

https://n.news.naver.com/mnews/article/009/0005182675?sid=104

#naver
Piilota kommentit Kommentit (0)

Sinun täytyy kirjautua sisään ennen kuin voit kommentoida.