Nvidia’s Huang calls AI stock rout a buying opportunity

Jensen Huang Calls AI Stock Plunge a Buying Opportunity in Seoul

Nvidia CEO Jensen Huang told reporters in Seoul on Monday that the sharp sell-off in technology and semiconductor stocks should be viewed as a chance to buy at lower prices, expressing unwavering confidence in the long-term trajectory of artificial intelligence even as Asian markets buckled around him.

“It is a foregone conclusion that AI will be infrastructure for the world, just like the internet was infrastructure for the world,” Huang said, according to Bloomberg. He described AI-related stocks as “very cheap” at current levels and characterized the industry-wide supply shortage as a multi-year phenomenon.bloomberg

Markets in Freefall

Huang’s comments arrived against a backdrop of turmoil across Asian exchanges. South Korea’s Kospi plunged as much as 8.3% on Monday, its steepest single-day decline since March, triggering circuit breakers that halted trading. Samsung Electronics fell 7% while SK Hynix dropped more than 3%. Japan’s Nikkei 225 slid 4.2%, and Taiwan’s Taiex lost 3.8%.reuters

The rout followed Wall Street’s worst day since October, with the S&P 500 falling 2.6% and the Nasdaq Composite slumping 4.2% on Friday after a stronger-than-expected U.S. jobs report raised fears that the Federal Reserve could raise interest rates. Renewed tensions between Iran and Israel added to investor unease, with oil prices surging on Monday.wsbtv

Nvidia Inks Korean Deals

Huang’s Seoul appearance was not solely about market commentary. Nvidia announced a series of partnerships with South Korean tech giants on Monday, including a multi-year technology collaboration with SK Hynix to co-develop next-generation memory chips for AI data centers, as well as deals with Naver and SK Group, according to Reuters. The agreements underscore how central South Korea’s semiconductor ecosystem has become to Nvidia’s AI supply chain.businessinsider

Confidence Amid Uncertainty

The Nvidia chief framed the current downturn as a natural correction in what he considers a durable, long-term trend. He told reporters that the buildout of AI infrastructure is still in its early stages, and that demand across the supply chain — from chips to connectors to photonics cables — far outstrips available supply. Whether markets heed his call remains to be seen, but for Huang, the sell-off represents opportunity rather than alarm.247wallst