MESSAGE FROM OCTOBER 17TH, IN THE FACE OF RECENT AI Concept UnitIt's a big dropNvidia CEO Jen-Hsun HuangSTILL OPTIMISTIC THAT THE POSITIVE IMPACT OF AI WILL SOON OVERSHADOW INVESTORS’ CONCERNS. “IT'S ALL GOING TO PASS. IT'S SIMPLE. AI WILL BRING ABOUT PROFOUND CHANGES THAT WILL HAVE A VERY POSITIVE IMPACT ON ALL SECTORS AND ON EVERY COUNTRY. THERE IS NO DOUBT THAT THIS PROCESS WILL CONTINUE AND THAT EVERYTHING HAS JUST BEGUN.”
JUST BEFORE HOANG IN-HOON MADE THE STATEMENT, THE CHIP AND THE AI INFRASTRUCTURE PLATE WENT THROUGH A TURBULENT WEEK. PHILLY'S SEMICONDUCTOR INDEX FELL EIGHT CONSECUTIVE TRADING DAYS, THE LONGEST SINCE 2008; AND IN THE PAST EIGHT TRADING DAYS, IT FELL SEVEN DAYS. AT A TIME WHEN BORROWING COSTS ARE RISING, INVESTORS ARE BEGINNING TO WORRY ABOUT THE SUSTAINABILITY OF LARGE EXPENDITURES IN THE AI AREA。
WONG IN-HOON ALWAYS LOOKED FORWARD TO THE AI MARKET PROSPECTS AND THE CONTRIBUTION OF AI TO THE OVERALL ECONOMY. HE EXPECTED THAT THE RETURN ON LARGE-SCALE HARDWARE INVESTMENTS WOULD HELP TO CALM MARKET CONCERNS. “IT IS TRUE THAT RECENT NEWS HAS TRIGGERED MARKET VOLATILITY. WE ALL KNOW THATNews is daily, but it doesn't change the basics. "
According to IT House, CorreWeave, an investment-supported cloud computing servicer in Weida, was particularly hard hit by this round of sales. CoreWeave's bond prices have recently fallen to a level normally seen as a sign of financial distress, and share prices have also shrunk by about a quarter this week。
WONG IN-HOON HAS REPEATEDLY WARNED INVESTORS NOT TO BE INFLUENCED BY SHORT-TERM NEWS, BUT BY THE LONG-TERM VALUE OF AI TECHNOLOGY. IN HIS INTERVIEW, HE RE-EMPHASIZED THAT “IT IS IMPORTANT TO KEEP AN EYE ON THE PRINCIPLE OF FIRSTNESS. ALWAYS FOCUS ON THE FUNDAMENTALS.”