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Naver says Nvidia to buy $1 billion of newly issued shares

Naver says Nvidia to buy $1 billion of newly issued shares

Nvidia’s planned investment would give it about a 5% stake in Naver and support a broader AI infrastructure buildout with Brookfield in South Korea and the United States.

Fact Check
The official Nvidia Newsroom release confirms the $1 billion Nvidia investment and the up-to-$9 billion Brookfield backing for GPUs/data centers in support of Naver's AI factory rollout. Reuters independently confirms Nvidia purchasing $1 billion of Naver's newly issued shares. Bloomingbit (citing Hankyung) corroborates the 4.5% stake via a third-party share allotment and the planned treasury share cancellation. All components of the claim are supported by primary and corroborating sources.
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Summary

Naver shares rose more than 10% on July 27, 2026 after Nvidia said it plans to buy about $1 billion of newly issued Naver stock at 204,500 won a share, deepening their AI infrastructure partnership. Bernstein said Naver’s board approved a private placement of about 7.2 million common shares that would raise about 1.5 trillion won and leave Nvidia with about a 5% stake after completion, revising an earlier 4.5% figure. The deal supports expansion of Naver’s GAK Sejong AI facility to 200 megawatts by 2028 and fits into a wider gigawatt-scale AI cloud buildout backed by Brookfield Asset Management in South Korea and the United States.

Terms & Concepts
  • GPU hardware: Specialized processors used to handle the intensive computing workloads required for artificial-intelligence systems and data centers.
  • stock-swap agreement: A takeover structure in which an acquirer uses its own shares, rather than cash, to buy another company.
  • special-purpose vehicle: A separate legal entity often used to hold assets or raise financing for a specific project.