Nvidia chief brushes off tech sell-off as a buying opportunity

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Huang brushed off growing AI concerns Nvidia chief executive Jensen Huang brushed off a significant market wobble stoked by growing concerns surrounding AI, hailing the widespread sell-off as a buying...

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Meanwhile the S&P 500 also fell 2.6 per cent, severing its nine week growth streak.But Huang did not share investor sentiment, instead announcing a series of deals in South Korea to secure Nvidia’s memory chip supply.He said: “Everybody should be very excited; they can now buy stock at a cheaper price, and it’s absolutely true that the future of AI is very bright.”Stay ahead with our three daily briefings deliv","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"英伟达首席执行官将科技股抛售视为买入机会","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/f0780c89fef204ffc030ec16670678a2","symbols_score_info":{"NVYY":0.6,"NVDQ":0.6,"2NVD.UK":0.6,"NVDU":0.6,"NVDO":0.6,"NVDG":0.6,"NVDA":1.96,"NVDY":0.6,"ANV":0.6,"SNVD.UK":0.6,"DIPS":0.6,"NVD3.UK":0.6,"NVD":0.6,"07388":0.6,"NVDW":0.6,"NVD2.UK":0.6,"NVII":0.6,"NVDS":0.6,"NVIW.SI":0.6,"07788":0.6,"NVDX":0.6,"NVDL":0.6,"NVDD":0.6,"NVDS.UK":0.6,"NVDB":0.6,"3NVD.UK":0.6},"content_text":"Huang brushed off growing AI concerns Nvidia chief executive Jensen Huang brushed off a significant market wobble stoked by growing concerns surrounding AI, hailing the widespread sell-off as a buying opportunity for investors in a technology which is just “beginning”.Huang’s intervention came as Asian markets tumbled during Monday trading, following the Nasdaq’s 4.2 per cent plunge on Friday – its biggest fall in over a year – as shares in chipmakers and computer memory producers declined.The fall was triggered by fears of stretched valuations of companies riding on an AI high. Meanwhile the S&P 500 also fell 2.6 per cent, severing its nine week growth streak.But Huang did not share investor sentiment, instead announcing a series of deals in South Korea to secure Nvidia’s memory chip supply.\n\nHe said: “Everybody should be very excited; they can now buy stock at a cheaper price, and it’s absolutely true that the future of AI is very bright.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSK Hynix signed a multi-year partnership with Nvidia that will see it commit to developing advanced types of memory for global AI data centres, as the US tech firm spreads into robotics, personal computers and AI supercomputers.South Korea stumblesDespite Nvidia’s deal, South Korea’s Kospi saw its AI rally come to a screeching halt on Monday, forcing traders to trigger a 20 minute trading halt.The blue-chip index has doubled in six months off the back of heavyweights SK Hynix and Samsung, but plummeted more than 10 per cent in early trading, before trimming back losses to hover at 7,488.7 points.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641019211","isCrawlerRequest":true}