Nvidia CEO says recent AI selloff offers buying opportunity

Jensen Huang used a visit to Seoul on June 8 to tell investors that the recent selloff in tech and semiconductor stocks is less a crisis and more a clearance sale.

His pitch is straightforward: AI infrastructure is inevitable, the market just temporarily forgot that, and now everything’s cheaper.

“We’re at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount.”

The selloff that rattled US chip stocks started in the week leading up to June 8, driven by anticipated interest-rate increases and mixed jobs data.

Huang described AI infrastructure as “a foregone conclusion,” drawing a parallel to the early rise of the internet.

What Huang was actually doing in Seoul

The buying-opportunity comments weren’t the only reason Huang was in South Korea. He was there to discuss Nvidia’s collaboration with SK Hynix on next-generation AI memory chips.

Should investors actually listen?

But investors need to be honest about what they’re buying into at current valuations, even after a dip. “Cheaper than last week” is not the same thing as “cheap.”

The macroeconomic headwinds that caused this selloff haven’t gone away. Anticipated interest-rate increases remain a genuine threat to growth stocks, as higher rates increase the discount rate applied to future earnings, which mechanically compresses valuations for companies whose value depends heavily on profits years down the road.

What investors should watch closely is whether Nvidia’s next earnings report confirms that AI demand remains robust despite the broader economic uncertainty. If enterprise AI spending holds up through this period of macro turbulence, the buying-opportunity thesis gets a lot stronger.

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