TechFlow News, June 8: According to AAStocks, NVIDIA CEO Jensen Huang stated during his visit to Seoul, South Korea on June 8 that stocks related to AI are currently trading at very low valuations, and shareholders should be pleased—since there remains significant upside potential. Huang emphasized that demand for AI will continue to grow, and AI’s status as a core global infrastructure is now a settled fact.
Meanwhile, NVIDIA has entered into a multi-year collaboration agreement with SK Hynix. Under this agreement, NVIDIA chips will be manufactured at SK Hynix’s wafer fabs and deployed in SK Telecom’s AI business. NVIDIA currently purchases billions of dollars’ worth of products from SK Hynix annually, and the procurement volume is expected to increase substantially in the future.
