Can Jensen’s SK Hijinx Save Seoul’s Crashing Stock Market?

Jensen Huang turned a weekend in Seoul into a sovereign AI roadshow, and the headline act dropped Sunday night: NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and SK hynix unveiled a multiyear technology partnership to advance next-generation memory for the global AI factory buildout. Korean equities have been wobbling under a global chip selloff, and Jensen just handed Seoul a reason to breathe, despite their market hitting a 5% downward circuit breaker. SK hynix will codevelop memory for NVIDIA Vera Rubin AI supercomputers, Vera CPUs, RTX Spark PCs, and Jetson Thor robotic platforms. Reuters confirmed parallel deals: Naver and Doosan will build AI data centers, and SK Telecom will stand up a gigawatt-scale AI cloud with its first facility online in 2027. No deal values were disclosed. Jensen also ate fried chicken with Korea’s corporate bosses and threw a baseball pitch for good measure. Prediction markets give NVDA a 72% probability of closing higher on June 8 and an 82.5% probability of holding above $190 this week. Reddit sentiment flipped to bullish at 72 on the news, even with Michael Burry’s “Fugazi” chatter still circulating. NVDA is up 10% year to date after a 6% drop on June 5. I have owned NVIDIA for over 15 years, and Huang’s playbook keeps repeating: lock in supply, lock in sovereign partners, lock in the next decade of compute. Watch HBM pricing, Samsung’s response, and whether KOSPI tech catches a bid Monday. If you believe the AI factory thesis, sovereign deals like this are the connective tissue. If you do not, the Burry crowd has receipts too. Jensen’s Seoul hijinx will not reverse a sector-wide selloff by themselves, but they just gave Korean tech a warm hug on a cold day.