"I spent the whole day talking up the stock" -- "Stock god" Jensen Huang is busy saving the market

NVIDIA CEO Jensen Huang’s recent trip to Asia has quietly turned into a mobile stock promotion show.

In Seoul, Huang publicly called out to investors, saying "you should be very happy" and that the market pullback was a "discount buying" opportunity, which immediately led to a collective rebound in chip stocks; he also urged SK Hynix to "please produce more" memory chips, further fueling a stock that has already risen over 200% this year.

He then publicly recommended Qualcomm stock, joking that "I spend all day helping others sell stocks"—Qualcomm shares rose 2% after hours. Every word from Huang seemed to precisely move the market.

However, according to a Bloomberg column, these statements have triggered clear warnings from market participants: Amid hyperactive retail sentiment, rising leverage, and an information vacuum, Huang's optimistic comments and stock endorsements are creating potential risks, not providing effective guidance.

Seoul stop: Pullback is a "discount," everyone should be "very happy"

Last Friday, US stocks suffered a sharp drop, with the Nasdaq Composite falling 4% in one day and tech stocks losing more than $1 trillion in market value. Just as sentiment was low, Huang gave a strong boost in Seoul.

According to a previous Wallstreetcn article, Huang said in Seoul on Monday, "We are just getting started, and no matter what happens to the stock market, you should be very happy, because now you can buy at a discount."

He further stated the future of artificial intelligence is exciting, and "everyone should be very excited about it."

His words had an immediate effect. On Monday, iShares Semiconductor ETF (SOXX) jumped 4% in premarket and closed up nearly 6%, while NVIDIA, AMD, Broadcom and other semiconductor stocks all rebounded, and the chip sector quickly recovered from the previous day’s slump.

Meanwhile, NVIDIA and SK Hynix announced a multi-year AI memory chip design partnership during the Seoul trip, further strengthening expectations for continued expansion of AI infrastructure.

Notably, in Seoul, he also urged SK Hynix to "please produce more" memory chips, continuously heating up a stock that has surged 200% this year.

On Monday, he also turned his attention to Qualcomm. "I think we’re not very good in mobile devices, nor is it necessary," Huang said, "I think they (Qualcomm) are doing very well. Buy their stock."

Right after, he added a self-deprecating summary: "This is great. I spend all day helping others sell stocks. Yes, helping others is a good thing, and we should be happy for other people's success."

Qualcomm's stock rose about 2% after hours.

Huang's "stock recommendations" during his Asia trip went beyond Seoul.

At Asia’s largest AI tech expo, Huang praised Taiwan for having the "world's best supply chain ecosystem," and this statement directly pushed Taiwan's stock market to a record high.

Voices of doubt: Market concerns behind optimistic comments

Huang’s market draw is undeniable, but this influence is causing increasing concern.

According to a Bloomberg column, Huang's statements "were seen as careless and disconnected from market dynamics." The article pointed out, currently the market has retail buying mania, rising leverage, and investors are imagining every manufacturer from car makers to PC as AI concept stocks, with bubble risks growing.

Taiwan's benchmark stock index now has a forward P/E close to the S&P 500, yet its market lacks the same industry diversity and earnings visibility—the semiconductor and hard tech companies account for as much as 78% of Taiwan's index, and these companies are highly cyclical.

In Korea, Samsung and SK Hynix together contribute over half the weight in the Kospi. Whether the two can escape the boom-bust cycles recurring in industry history remains uncertain.

More importantly, the market is currently in an information vacuum.

According to the Bloomberg column, Q1 earnings season ended in late May, and the next round won't start until late July. In the meantime, investors can't rely on financial results to judge whether the AI chip rally matches actual orders and corporate profits, and thus must carefully parse Huang’s every word.

"Such mega influence must be accompanied by corresponding responsibility," the Bloomberg column said.

The article argues Huang may be correct in the big picture—AI will change the world, and this chip upcycle is much bigger than before—but unless he has truly studied valuations and ensured retail investors haven’t fallen into irrational frenzy, "this tech executive should probably avoid giving stock advice".

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