Jensen Huang Told Investors in Seoul to "Buy at a Discount" During the Recent AI Stock Sell-Off. Here's Whether His Call Has Paid Off.
Nvidia still looks reasonably priced after its recent mild rebound.
Overview
Nvidia (NASDAQ: NVDA) CEO Jensen Huang saw an investment opportunity during the sharp global sell-off in technology stocks in June. Speaking to reporters in Seoul on June 8, Huang said that investors should be happy because they could now "buy at a discount." He also asserted again that the artificial intelligence (AI) infrastructure build-out was still in its early stages.
Nvidia's stock performance alone doesn't tell the whole story. The company's shares are up by around 2.2% since his comments, trailing the S&P 500's gain of about 3.1% over the same period (as of Aug. 21).
Details
So, was Nvidia attractively valued during the sell-off, and does some of that discount still exist after the recent share price gains?
Source
Originally published at www.fool.com.