Benzinga
Nvidia CEO Jensen Huang told reporters in Seoul on June 8 that the June 5 selloff in AI stocks should be seen as a buying opportunity, citing revenue acceleration and early-stage AI infrastructure demand. Nvidia shares fell 6.2% to $205.10 after May nonfarm payrolls beat forecasts (172,000 vs 85,000). Nvidia reported Q1 FY2027 revenue of $81.6B (+85% YoY) and guided Q2 revenue around $91B. Nvidia also announced a multiyear AI memory partnership with SK hynix.
Article frames NVDA’s pullback as discount-rate repricing, supported by strong revenue growth and guidance plus supply-chain tie-ups.
CEO Jensen Huang said the semiconductor selloff is a buying opportunity, arguing fundamentals remain intact despite higher-rate pressure.
Near-term volatility risk remains, but the fundamental/guidance backdrop supports dip-buying rather than a thesis break.
Background
AI-linked stocks sold off after a May nonfarm payrolls beat raised expectations for fewer Fed cuts; NVDA’s CEO addressed the issue in Seoul.
Why it matters
The piece argues the selloff was primarily a discount-rate repricing, then supports that with NVDA’s revenue acceleration, guidance, and supply-chain deepening (HBM and AI factory plans).
Market relevance
Traders get a narrative plus hard datapoints (revenue, guidance, ramp timing, partnerships) to judge whether the selloff is macro-only or signals demand risk.
Market effects
Reinforces that AI infrastructure demand is still in an early ramp narrative, potentially stabilizing sentiment across AI hardware supply chain.
Highlights KOSPI/major Korean chip names moving in lockstep with US rate expectations, underscoring cross-market correlation.
Suggests global semiconductor ETFs (SMH, SOXX) may see flows as investors treat the selloff as macro-driven rather than demand-destroying.
Alternative perspectives
Even with strong reported growth, the stock’s premium could compress further if data-center demand growth decelerates later than the market expects.
The article leans on partnerships and ramp timing, but does not quantify margins, competitive intensity, or whether guidance assumes a specific macro/rate path.
Key entities
- companyNvidia
CEO Jensen Huang framed the selloff as a buying opportunity; article cites NVDA revenue/guidance and new memory/AI-factory partnerships.
- supplierSK hynix
Announced a multiyear technology partnership with Nvidia to co-develop advanced memory for AI factories.
- partnerLG Group
Announced plans with Nvidia to build an AI factory supporting robotics, autonomous driving, and cloud services.
- productVera Rubin
Successor to Blackwell GPU architecture; deliveries beginning in Q3 2026 per Nvidia at Computex 2026.
