"Investors should rejoice": Nvidia CEO urged to buy up cheapened AI stocks
According to Jensen Huang, the global deployment of artificial intelligence is only in its infancy
Nvidia CEO Jensen Huang called the selloff in tech stocks an opportunity for investors / Photo: FotoField / Shutterstock.com
Nvidia CEO Jensen Huang called the sell-off in tech stocks a great opportunity for investors. In his opinion, panic in the markets is unfounded, as the global deployment of artificial intelligence is only at the initial stage, Bloomberg reports.
The announcement came during Huang's visit to South Korea, after signing a multi-year agreement with local semiconductor company Sk Hynix to jointly develop new generations of memory chips for AI. Nvidia CEO is confident that AI will radically change key sectors of the global economy, as well as the way people live and work. This large-scale transformation will inevitably ensure long-term demand for chips and data centers necessary for the operation of new services.
"That AI will become the underlying infrastructure for the entire world - just as the internet once was - is already an obvious fact. We are at the very beginning of the journey. And no matter what happens in the stock market, investors should be happy, because now you can buy assets at a discount," says Nvidia CEO.
Context
South Korea's benchmark Kospi index collapsed more than 8% in trading on Monday, June 8, as investors began to pull out of artificial intelligence bets that fueled a global equity market rally, Bloomberg explains. The selloff began after the Nasdaq Composite index of the U.S. technology sector collapsed 4.2% on Friday, posting its steepest one-day drop since April 2025. Investors got worried when the forecast of chipmaker Broadcom failed to meet analysts' expectations, and after unexpectedly strong data on the U.S. labor market, which supported fears of an imminent Fed rate hike, the sell-off became much more aggressive.
On Monday, this wave reached Asia, including investors starting to sell off shares of South Korean chipmakers en masse. Losses narrowed after Nvidia and Skynix announced a deal, as well as amid South Korean President Lee Jae-myung's statements about the undervaluation of the national market.
This article was AI-translated and verified by a human editor
