New York, June 8, 2026, 15:07 (EDT)
Nvidia shares rose about 1.9% to $209.07 in Monday afternoon trading, clawing back part of Friday’s slide as investors moved back into chip stocks. The stock traded between $206.07 and $210.75, leaving the company’s market value near $5.1 trillion.
The move matters because Nvidia remains the main gauge for Wall Street’s AI trade — the cluster of stocks tied to spending on artificial intelligence. Its graphics processing units, or GPUs, are chips used to handle the heavy calculations behind large AI systems.
The bounce was not just Nvidia. U.S. stocks opened higher after a sharp tech-led selloff on Friday, with the Nasdaq, a stock index heavy in technology companies, leading early gains.
Fresh supply news gave Nvidia’s move more weight. In Seoul, the company announced agreements with SK Hynix, SK Telecom, Naver, Doosan, LG Group and Hyundai Motor, with the SK Hynix deal aimed at securing advanced memory for AI data centers. High-bandwidth memory, or HBM, is fast memory placed close to AI processors so data can move quickly. Nvidia CEO Jensen Huang said SK Hynix would remain its “largest memory partner” and told investors rattled by the selloff they could “buy stock at a cheaper price.” Reuters
That is the bullish case in plain form: demand is still stretching the supply chain. Ryu Young-ho, a senior analyst at NH Investment & Securities, said the SK Hynix-Nvidia tie-up reinforced the view that memory chips were shifting from a commodity market toward a more customer-specific business.
Peer moves showed the rebound was sector-wide. AMD rose about 5.4%, Broadcom gained about 2.5%, and Intel jumped roughly 13% in afternoon trading, putting the day’s Nvidia gain in the middle of a broader chip recovery.
Intel’s surge carried a separate message for Nvidia. Reuters reported that Google placed an order with Intel to manufacture more than three million tensor processing units, Google’s in-house AI chips, for 2028, while Nvidia was evaluating Intel technology for a possible multi-GPU processor. Jacob Bourne, technology analyst at eMarketer, called it evidence that AI players were “racing to diversify” away from a supply chain still concentrated in TSMC, and D.A. Davidson analyst Gil Luria said backing Intel also supported U.S.-based manufacturing. Reuters
The risk is that Monday’s move proves to be only a relief rally. Higher interest-rate expectations can hurt richly valued growth stocks, and customers pushing harder into in-house chips or custom silicon could take some urgency out of Nvidia orders. Rick Meckler, partner at Cherry Lane Investments, said Monday looked like “bargain hunting,” but warned the market had been priced “for perfection.” Reuters
There is also a memory-price question. MarketWatch reported that investors were questioning how long shortages in memory chips could last and how much pricing power suppliers could keep if long-term agreements cap future price increases. That does not break Nvidia’s demand story, but it does make the next leg less clean.
For now, the stock is trading like investors still want exposure to AI infrastructure, but with less room for disappointment than they allowed a week ago. Nvidia’s South Korea deals point to more demand. Monday’s price action says traders are willing to buy the dip. The harder test is whether those buyers stay when the next supply-chain or rate scare hits.
