NVIDIA CEO Huang sees 'good buying time' amid stock drops, eyes deeper LG partnership
Translated from Korean, summarized and contextualized by DistantNews.
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- NVIDIA CEO Jensen Huang met with LG Group Chairman Koo Kwang-mo to discuss expanding strategic cooperation in next-generation AI industries.
- Huang expressed optimism about the AI market, calling recent stock drops a "good time to buy" and emphasizing the long-term growth potential.
- The collaboration will focus on areas like physical AI, AI data centers, and robotics, leveraging LG's technological capabilities.
NVIDIA CEO Jensen Huang and LG Group Chairman Koo Kwang-mo have agreed to deepen their strategic partnership, focusing on advancing next-generation AI industries including physical AI and AI data centers. The meeting, held at LG Twin Towers in Seoul, followed a previous encounter just three days prior, highlighting the companies' commitment to collaboration.
One of the most important areas we are collaborating on is robotics.
Huang lauded LG's capabilities, particularly in robotics and AI data center design. "We are collaborating with LG's AI researchers, and they are truly amazing," Huang stated, emphasizing the critical role of "extreme technology" in designing future data centers, an area where LG possesses "fantastic capabilities."
LG's AI researchers... they are truly amazing.
Addressing concerns about recent volatility in semiconductor stocks, Huang remained bullish on the AI sector. He described the current phase as the "beginning of a new industry" and asserted that the market has proven AI's "profitability." He suggested that current market downturns represent a "good time to buy," encouraging investors to focus on the long-term potential over short-term fluctuations.
Future data centers require 'extreme technology' for cooling, power supply, and overall design and construction, and LG has fantastic capabilities in this area.
"If the stock market has a discount today, it is a good time to buy," Huang remarked, advising investors to consider the market's trajectory over the next decade rather than just the immediate future. He dismissed fears of inflated market expectations, reiterating that "any volatility is a buying opportunity." The partnership aims to leverage NVIDIA's AI technology with LG's expertise in areas like cooling, power supply, and overall data center infrastructure, fostering a "giant team" working together across various business domains.
If the stock market has a discount today, it is a good time to buy.
DistantNews Editorial
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.
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