.jpg)
1 hour ago
3
Article content
Nvidia Corp. chief executive Jensen Huang called a global tech stocks selloff that began last week a buying opportunity, saying the buildout of artificial intelligence has just begun.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
South Korea’s benchmark Kospi Index tumbled on Monday after investors pulled back from AI bets that have fueled a bull market in global equities. Fears of overheating in the AI trade have cooled global tech stocks, with U.S. peers tumbling Friday on concerns over a possible rate hike.
Article content
Article content
Article content
Huang, responding to questions about how that selloff should be perceived, said the industry was still in the early stages of constructing infrastructure that will serve as the foundation of an AI-fueled future. On Monday, Nvidia and SK Hynix Inc. said they struck a multi-year agreement to design future generations of memory chips for AI, a win for a South Korean leader vying with Samsung Electronics Co. in the red-hot arena. Stocks including SK Hynix pared losses after South Korean President Lee Jae Myung said Monday he believed the domestic market remained undervalued.
Article content
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
“We’re at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount,” he said. “Everybody should be very excited,” he told reporters after meeting with SK Group Chairman Chey Tae-won in Seoul.
Article content
Like many of his industry peers, Huang has consistently argued that AI will revolutionize broad swaths of the global economy and transform the way people work and live. That will in turn drive huge demand for the data centers — and chips — needed to power future AI services.
Article content
“It is a foregone conclusion that AI will be infrastructure for the world, just like the internet was infrastructure for the world,” he said.
Article content
With assistance from Youkyung Lee
Article content
Article content
English (US)