NVIDIA to Acquire 5% Stake in Naver for $1 Billion; Bernstein Targets 58% Upside to 330,000 KRW

NVDA-4.25%
Naver8.43%
According to Bernstein, on July 27, NVIDIA agreed to purchase 7.2 million shares of Naver at 204,500 Korean won per share, investing approximately 1.5 trillion won ($1 billion). The transaction will give NVIDIA a 5% stake in the South Korean tech company. Bernstein maintains an outperform rating and set a price target of 330,000 won, implying 58% upside potential from the July 24 closing price of 209,500 won. The analyst expects NVIDIA's investment to strengthen market confidence in Naver's AI Factory cloud infrastructure initiative.
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