During the opening days of June 2026, artificial intelligence and semiconductor equities experienced a brutal selloff, erasing approximately $1.3 trillion in aggregate market capitalization within mere days. Nvidia itself had retreated more than 15% below its May summit.
While conducting business in Seoul, Jensen Huang seized the moment to address waiting journalists, urging them to capitalize on the weakness. “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,” the Nvidia CEO declared on June 8.
The statement’s timing carried significance. South Korea’s KOSPI benchmark was plummeting over 8% intraday that very morning, activating trading halts. Huang issued his bullish assessment as markets were in freefall.
NVDA began Tuesday’s session at $217.55, sliding 2.9% from the previous close. The equity trades within a 12-month range spanning from $164.07 to $236.54.
Eight weeks following Huang’s public recommendation, those who purchased NVDA on June 8 have realized a 5.1% gain, modestly outpacing the S&P 500’s 4.3% appreciation across the identical period.
An equally allocated portfolio distributed across Nvidia, Microsoft, Amazon, and Alphabet generated approximately 8.5% returns during that timeframe, essentially doubling the S&P 500’s performance. Microsoft topped the quartet with an 18.5% surge, Amazon contributed 11.1%, while Alphabet dipped 0.5%.
Huang’s statement wasn’t merely rhetoric. Within hours of his public comments, he and SK Hynix executives announced a collaboration to engineer cutting-edge AI memory technology. Nvidia’s fourth-quarter fiscal results showed $68.1 billion in revenue, representing 73% year-over-year expansion, with data center operations generating $62.3 billion—exceeding 91% of total revenue.
July 24 marked the announcement of a groundbreaking partnership between Nvidia and SK Group valued at over $500 billion spanning multiple years. This arrangement secures AI memory components from SK Hynix and encompasses expansive data center facilities scheduled to launch in 2027.
SK Telecom committed to constructing a 2-gigawatt AI data center utilizing Nvidia’s Vera Rubin processors alongside SK Hynix’s advanced memory technology. That same day witnessed approximately $950 billion in combined new AI partnership announcements.
SK Hynix’s board of directors subsequently approved approximately $38.3 billion in supplementary domestic infrastructure investments through 2031 on Aug. 8, reinforcing its standing as Nvidia’s principal memory component provider.
Wall Street analysts continue expressing confidence approaching Nvidia’s August 26 quarterly earnings release. Bank of America sustained its Buy recommendation with a $350 valuation target, forecasting Q2 revenue between $94 and $95 billion, potentially exceeding Nvidia’s official guidance by $3 to $4 billion.
KeyCorp confirmed its overweight stance with a $330 target price in July. The aggregated assessment from 53 covering analysts reflects a Buy rating with a median price objective of $304.26.
Institutional ownership accounts for 65.27% of outstanding NVDA shares. The corporation’s board additionally greenlit an $80 billion stock repurchase authorization in May while increasing the quarterly dividend from $0.01 to $0.25 per share.
On Aug. 8, SK Hynix ratified $38.3 billion in further capacity expansion, solidifying its strategic commitment to Nvidia’s continued leadership in AI computing infrastructure.
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