Jensen Huang Told Investors to "Buy at a Discount" on June 8. History Says This Is How Often CEOs Who Publicly Call the Bottom Are Actually Right.
WIll the Nvidia CEO's advice pay off?
Overview
Nvidia (NASDAQ: NVDA) CEO Jensen Huang is known for his ability to see the future, but a recent prediction he made may be one of his most important ever, at least from an investor perspective.
Huang told investors to buy the stock on June 8 at a conference in Seoul, South Korea, saying, "We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount."
Details
Nvidia had pulled back around 10% from its all-time high a few weeks earlier, but thus far, that prediction has not paid off as Nvidia is essentially flat since then.
Source
Originally published at www.fool.com.
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