The U.S. New York stock market is showing a weak trend during trading on the 5th (local time). As concerns over an economic slowdown and profit-taking sales continued, the three major indexes all showed a downward trend. In particular, the tech-heavy Nasdaq index fell by more than 1%, indicating somewhat shrinking investor sentiment.

[New York Stock Market Major Index Trends] As of 11:12 PM on the 5th, Korean time, the major indexes are as follows: • Dow Jones Industrial Average: 51,486.64, down 51.67 points (0.10%) from the previous trading day • S&P 500 Index: 7,508.38, down 75.93 points (1.00%) • Nasdaq Composite Index: 26,344.51, down 486.45 points (1.81%)

[Reason for Tech Stock Fluctuations: AI Valuation Burden] In the market, the Nasdaq index is showing a relatively large decline as selling pressure expands, centering on large-cap tech and semiconductor stocks that have recently been on an upward trend. Analysts say that tech stocks overall are showing weakness as the valuation burden on artificial intelligence (AI)-related stocks overlaps with profit-taking movements.

Among individual stocks, the stock price movement of Nvidia, a leading AI stock, remains a major focus. As the burden from the recent surge grows, volatility across the entire semiconductor sector is expanding, and some investors are taking a wait-and-see approach while engaging in profit-taking on major tech stocks.

[Nvidia CEO Jensen Huang Visits Korea... Expectations Rise for Korea as an AI Hub] In the market today, comments made by Nvidia CEO Jensen Huang, who is visiting Korea, are drawing significant attention. CEO Jensen Huang mentioned the possibility of establishing an AI technology center in Seoul, expressing a strong intention to actively recruit domestic AI researchers and engineers.

In fact, Nvidia recently posted a job opening related to an AI technology center, requiring work in Seoul. The field is known to be physical AI, centered on digital twins and robotics.

The industry expects that this will serve as an opportunity for Korea to emerge as one of the core hubs of the global AI and robotics industries. The market is also showing interest in the possibility of expanding cooperation with domestic semiconductor companies, including Samsung Electronics and SK Hynix, as well as LG Group affiliates. Some analysts suggest that the construction of AI data centers, along with HBM, robotics, and digital twin technologies, could emerge as major growth drivers in the future.

[Future Stock Market Outlook and Variables] Investors are keeping a close eye on the future interest rate path of the U.S. Federal Reserve (Fed) and the release of major economic indicators. Geopolitical variables in the Middle East and concerns over a global economic slowdown are also cited as factors increasing volatility in financial markets.

Nevertheless, expectations for the growth of the AI industry remain a core investment theme in the market, so interest in related companies is expected to continue for the time being.

[This article was written with the help of AI. The information provided in this article is for general investment information purposes and does not constitute investment solicitation or financial advice. Investing in stocks and financial products may result in principal loss, and investment decisions and responsibilities lie with the investor. This publication does not bear legal or financial responsibility for the information.]