Nvidia CEO views tech sell-off as buying opportunity
Nvidia's CEO, Jensen Huang, stated that the wave of selling in global technology stocks presents a buying opportunity, emphasizing that the development of artificial intelligence infrastructure is still in its early stages. Technology stock indices, such as the "KOSPI," declined due to decreased investor bets on AI stocks, and global stock markets faced pressure amid concerns over rising interest rates. Huang explained that the sector is still in the initial phase of building AI infrastructure, which is expected to become fundamental to the global economy and will lead to increased demand for data centers and chips. Additionally, Nvidia announced a multi-year agreement with SK Hynix to develop future AI chips.
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