Nvidia CEO Calls Tech Selloff a Buying Opportunity as Kospi Slides on AI Trade Fears
Updated
Updated · Bloomberg · Jun 8
Nvidia CEO Calls Tech Selloff a Buying Opportunity as Kospi Slides on AI Trade Fears
3 articles · Updated · Bloomberg · Jun 8
Summary
Jensen Huang said the global tech-stock rout that began last week is a buying opportunity, arguing the AI buildout is still in its early stages.
South Korea’s Kospi tumbled Monday as investors pulled back from AI-linked bets that had helped drive a broader global equity bull market.
US tech shares had already fallen Friday on worries that a possible rate hike could hit richly valued AI names, adding to fears the trade was overheating.
Huang’s comments push back against a fast-growing market debate over whether AI enthusiasm has run ahead of fundamentals.
Amidst a memory crunch and soaring costs, can Nvidia's AI factory vision meet the projected trillion-dollar demand on time?
With Earth's resources strained, are space-based data centers the next frontier for AI or an impossibly expensive dream?
The 2026 Kospi Crash: AI Mania, Retail Leverage, and the Global Fallout from South Korea’s Tech Selloff
Overview
In early June 2026, the Kospi index faced a sharp selloff triggered by escalating geopolitical tensions in West Asia, as Israeli strikes on Beirut led to Iranian missile retaliation. This turmoil pushed oil prices up over 2.5%, fueling investor worries about inflation and interest rates. The resulting spike in global commodity prices, combined with a cooling in major Korean tech stocks like Samsung and SK Hynix, heightened market instability. These interconnected events created immediate volatility in South Korea’s stock market, as investors reacted to both external shocks and domestic sector shifts, setting the stage for broader economic concerns.