Nvidia CEO Jensen Huang addressed the global tech selloff during a visit to Seoul on June 8, 2026, characterizing the market downturn as a “buying opportunity.” Speaking as the South Korean Kospi Index declined due to concerns over potential U.S. Interest rate hikes, Huang argued that the AI infrastructure buildout is still in its early stages. He suggested that investors should be “very excited” because the current pullback allows for purchasing at a discount, framing the volatility as noise against a long-term growth signal. The comments were made in the context of a new multi-year agreement between Nvidia and SK Hynix to co-develop next-generation AI memory chips. This partnership aims to strengthen SK Hynix’s position in high-bandwidth memory, a critical component for AI training and inference. According to Bloomberg, Huang’s framing of the deal and the market selloff suggests he views the AI revolution as a foundational transition similar to the rise of electricity and the internet. The broader market selloff was triggered by a strong U.S. Jobs report, which increased the likelihood of Federal Reserve rate hikes. Such hikes typically compress valuations for growth stocks with long-dated earnings expectations, particularly in the semiconductor sector. However, Huang’s stance is supported by Nvidia’s recent performance, including a first-quarter revenue of $81 billion that beat analyst estimates for the fifth consecutive quarter. While Huang’s public statements serve the interest of maintaining confidence in his own company’s stock, the article notes that his track record of predicting sustained AI demand has historically been backed by results. Analysts suggest the SK Hynix deal is a more significant indicator of long-term demand than the public commentary, as such multi-year agreements are rarely announced if a company believes demand is peaking. The article concludes that while the selloff was macro-driven, the long-term outlook for AI infrastructure depends on stabilizing economic data rather than executive sentiment.