NEW YORK, June 8, 2026, 04:15 EDT
Nvidia Corp landed new AI infrastructure agreements in South Korea going into Monday, but the stock stayed stuck close to Friday’s heavy drop after the deep chip-sector slide. The last quote from a market data feed had Nvidia at $205.10, putting its value near $5.0 trillion.
Nasdaq stocks weren’t open for regular trade yet. Monday isn’t one of the exchange’s scheduled 2026 holidays, according to Nasdaq’s list. Official trading hours are 9:30 a.m. to 4 p.m. ET, but systems start at 4 a.m., per .
Nvidia plays a key role for the AI trade, as investors talk about chips, data centers, and software for training and running AI models. On Friday, the Nasdaq Composite lost 4.18%. The S&P 500 dropped 2.64%. The Philadelphia semiconductor index, a group of chip stocks, saw its steepest one-day loss since March 2020 after strong U.S. jobs numbers brought rate hike worries back into focus.
Nvidia kept up a steady stream of news this week. The chipmaker rolled out a string of deals in South Korea, naming SK Hynix, SK Telecom, Naver, Doosan, LG Group and Hyundai Motor as partners. No dollar figures were given. SK Hynix and Nvidia signed a multi-year tech pact to work on advanced memory for AI data centers. CEO Jensen Huang called SK Hynix Nvidia’s “largest memory partner” and, on the selloff, told reporters, “the future of AI is very bright.” Reuters
LG said in a release that it will expand projects with Nvidia in “Physical AI,” AI infrastructure and mobility after LG Chairman and CEO Kwang Mo Koo met with Nvidia’s Huang in Seoul. Physical AI, according to LG, means AI for things like robots, vehicles and industrial systems. PR Newswire
Korea’s market action pointed to shaky ground for the trade. The KOSPI finished down 8.3% Monday and circuit breakers kicked in to halt selling. Samsung Electronics lost 10.2%, SK Hynix slid 7.7%. Naver jumped 9.2% after its Nvidia deal. “Increased volatility is inevitable,” said Han Ji-young at Kiwoom Securities, but he said semiconductor earnings momentum was still strong. Reuters
Chip stocks fell hard Friday, wiping out roughly $1.3 trillion in U.S.-traded market value. Nvidia dropped around 6%, losing over $300 billion in market cap. Other names like Micron, AMD and Broadcom also slid. The selloff tracked across the sector, pointing to a sector-wide shift and not just trouble for Nvidia.
Some investors called it a shakeout. Wells Fargo’s Ohsung Kwon, chief equity strategist, said semis were “way overbought.” But he said he doesn’t think it’s “the end of the semi bull market.” Reuters
Nvidia’s numbers are still pulling in buyers. First-quarter fiscal 2027 revenue hit $81.6 billion, up 85% from last year, with Data Center sales at $75.2 billion. For the second quarter, Nvidia is guiding to around $91.0 billion in revenue. That forecast assumes no Data Center compute revenue from China.
Third Point CEO Dan Loeb pushed back on claims that Nvidia’s size made it pricey. On the “All-In” podcast, Loeb called Nvidia “absolutely” undervalued compared to its earnings potential in the years ahead, Business Insider reported. Business Insider
Nvidia faces a real risk if yields keep moving up, customers have a hard time making AI spending pay off, or if Washington tightens chip rules on China again. The company’s valuation could stay under pressure in that scenario. The U.S. Commerce Department last week took steps to close a loophole on advanced AI chip shipments to Chinese firms’ overseas units. Eric Lynch at Suncoast Equity Management said Friday’s Nasdaq drop also showed discomfort that big AI costs aren’t “translating into returns.” Reuters
Nvidia faces a straightforward test Monday — can more supply and recent customer wins bring some stability after the AI trade was forced into a reset. Traders will get the first read once the regular session starts.
