Streetbeat News

NHNCF

Naver Co Ltd

Industry

Software Publishers

Open

115.00

Mkt cap

17B

Volume

High

115.00

P/E Ratio

23.37

52-wk high

115.00

Low

115.00

Div yield

6.87

52-wk low

115.00

The past week in consumer tech saw significant developments including Mark Cuban's concerns about AI regulation, data breaches at a SoftBank and Naver co-owned company, and the launch of a controversial gossip app. Vrio Corporation partnered with Amazon's Project Kuiper for satellite broadband in South America. Microsoft announced that 'Call of Duty: Black Ops 6' will require a constant internet connection. Apple made several announcements at WWDC 2024, including updates to visionOS, iOS 18, and a new AI initiative. Google faced fines and privacy complaints, while Samsung combined its AI research centers. Meta Platforms and Tesla were also in the news for various reasons.

Portfolio Pulse from Lekha Gupta

June 16, 2024 | 10:42 pm

Data breaches at Line Yahoo, co-owned by SoftBank Corp and Naver, have strained Japan-South Korea relations. Tokyo officials suggest Naver reduce its stake in A Holdings, potentially allowing SoftBank to gain control. The issue has escalated to high-level diplomatic discussions.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 11:01 am

Nvidia Corp is facing challenges due to U.S. semiconductor sanctions on China and increasing competition from Intel Corp and Advanced Micro Devices, Inc. The company has lost orders over $5 billion in 2024 from China's leading AI and cloud-computing companies, including Alibaba Group. South Korean internet conglomerate Naver Corp has replaced Nvidia with Intel as the leading chip supplier of its AI server. Nvidia's GPU price hikes and a global shortage of its GPUs have also affected the company. Intel and Naver are collaborating to compete against Nvidia, which holds an estimated 80% market share in the global AI processor market. Microsoft Corp has reportedly tapped AMD to help expand into AI processors.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 1:31 pm

YouTube, owned by Alphabet Inc, is set to launch its first official shopping channel for live commerce in South Korea on June 30. The 90-day project will initially provide a live-commerce platform to companies and livestream shopping content from around 30 brands. South Korea's live commerce market is expected to reach $7.7 billion in 2023, with Naver Corp holding a 60% market share.

Portfolio Pulse from Anusuya Lahiri

June 21, 2023 | 1:14 pm

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