"You should feel happy!" Jensen Huang strongly supports AI: After the crash, you can finally buy it at a discount.

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As global tech stocks face a sell-off, Nvidia CEO Jensen Huang is not shying away; instead, he characterizes this downturn as a great buying opportunity, reiterating that the construction of AI infrastructure has only just begun.

On Monday, South Korea's benchmark Kospi index fell sharply, as enthusiasm for AI trades—which had been supporting the global bull market—cooled noticeably. US tech stocks also suffered steep declines last Friday due to concerns over potential interest rate hikes.

After meeting with SK Group Chairman Chey Tae-won in Seoul, Huang told reporters: “We are at the starting point. No matter what happens in the stock market, you should be very happy, because now you can buy at a discount.” He emphasized, “Everyone should be very excited.”

At the same time, Nvidia and SK Hynix announced on Monday that they had reached a multi-year agreement to jointly design next-generation AI memory chips. Boosted by this news, shares of SK Hynix and others narrowed their losses. On the same day, South Korean President Lee Jae-myung also commented that he believes the Korean stock market remains undervalued.

AI Trading Cools, Tech Stocks Under Pressure

The trigger for this round of tech stock sell-offs is market concern over overheated AI trades, compounded by expectations that the Federal Reserve may raise rates, putting pressure on the previously surging global tech sector. The Korean Kospi Index fell on Monday in response, having previously accumulated significant gains from AI-related investment fervor. This shift in market sentiment reflects investor doubts about whether investment in AI infrastructure can continue to deliver returns.

Confronted with questions about stock market volatility, Huang stuck to his usual stance. He stated that AI becoming global infrastructure is “a sure thing,” just as the internet became global infrastructure in its time. He believes the industry is still in the early stages of building foundational AI infrastructure—a foundation that will support an economy centered on AI in the future, thereby driving sustained, large-scale demand for data centers and chips.

During his visit to Seoul, Nvidia and SK Hynix announced they had signed a multi-year cooperation agreement to jointly develop next-generation memory chips for AI applications. This partnership is highly significant for SK Hynix—amid intense competition with Samsung Electronics in the advanced AI chip market, deepening its relationship with Nvidia will help solidify its leading position. After the news was released, SK Hynix shares significantly narrowed their losses, alleviating some of the day’s pessimism in the market.

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