Jensen Huang Discusses Last Week's AI Tech Stock Crash: An Excellent Buying Opportunity, Now Discounted and Very Cheap

Nvidia CEO Jensen Huang said that the recent sell-off in technology stocks is an excellent opportunity to buy on dips. Nvidia will join forces with South Korea’s SK Group to build AI data centers, stressing that long-term demand for artificial intelligence is irreversible.

While visiting Seoul, South Korea, Nvidia CEO Jensen Huang (Jensen Huang) recently urged optimism during his talks after global tech stocks came under heavy selling pressure. He said this pullback is a rare chance to buy at a discount, adding that AI infrastructure is only just getting started and that long-term demand is irreversible.

Global tech stocks plunged, Jensen Huang: This is the buying point

U.S. tech stocks were hit hard last Friday due to concerns about the Federal Reserve raising interest rates. This morning, Taiwan’s stock market opened with a drop of 2,600 points, and the Korean stock benchmark Kospi even saw a circuit breaker at the open. Outside observers believe market investors are starting to lock in profits on AI concept stocks. When asked by the media how he views this sell-off wave, Jensen Huang sounded optimistic: “We’re still in the early stages. No matter what happens in the stock market, you should feel happy, because you can buy in now at a discounted price.” After meeting SK Group Chairman Chey Tae-won, he told the media, “Everyone should be very excited.”

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Jensen Huang’s confidence is based on his judgment about the long-term development of AI. He believes it is inevitable that AI will become global infrastructure—just like the birth of the internet back then, which was unstoppable. This wave of demand will continue to drive massive purchases of data centers and AI chips, and the market fundamentals have not changed.

Partnering with SK, Naver, and Doosan Group to consolidate Asia’s AI collaboration footprint

Beyond boosting market sentiment, Jensen Huang’s trip also brought back concrete cooperation items. Nvidia announced it will partner with SK Telecom to plan the joint construction in Korea of a “GW-class AI cloud data center.” The first AI factory is expected to begin operations in 2027, and in the future, Nvidia also intends to expand to other regions across Asia. SK Hynix, a memory-chip company under SK Group as well, has also signed a multi-year technical cooperation agreement with Nvidia. The two sides will jointly develop next-generation advanced memory chips needed for AI factories, and work together to open up emerging markets such as personal AI and physical AI. In addition, Nvidia has also reached AI application collaboration deals with portal giant Naver, and partnered with Doosan Group to explore the robotics space.

Jensen Huang’s China-Korea trip to Taiwan and South Korea can be said to have delivered strong results. Over the weekend in Seoul, he had barbecue with leaders in South Korea’s tech industry and appeared on television programs. Earlier, he also personally signed memory chips at SK Hynix’s booth at COMPUTEX, leaving the words “Please make more,” making it a focal point of discussion.

(Roundup of Nvidia’s supply chain: How Jensen Huang turned COMPUTEX into a personal show to market a full-stack AI platform narrative?)

Memory chip shortage persists; supply gap may extend to 2030

The massive demand for AI infrastructure has already sparked a global rush to buy memory chips. SK Group Chairman Chey Tae-won previously warned that because it takes at least three years for chip fabs to go from groundbreaking to mass production, the memory chip supply gap is likely to last until 2030. He also pledged to significantly expand production, aiming to double silicon wafer capacity. This chip-racing competition has further intensified the rivalry between SK Hynix and Samsung Electronics.

Nvidia’s market cap tops $5 trillion; AI chip demand remains the core driver

Fueled by this AI boom, Nvidia’s market value has already exceeded $5 trillion, surpassing the annual gross domestic product (GDP) of Japan or India, and rising to become the company with the highest market capitalization in the world.

Nvidia’s GPUs were originally designed for high-speed rendering of video game graphics. They have since become the core engine for a wide range of applications, including AI chatbots, image generation, and autonomous agents. With one move, the company announced its first AI chip for laptops, RTX Spark, laying the foundation for its full-stack AI platform narrative.

• This article is reprinted with permission from: 《Chain News》
• Original title: 《Jensen Huang on the AI Tech Sell-Off Wave: An Excellent Buying Opportunity—Prices Are Cheap Now》
• Original author: Crumax