Nvidia CEO 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.
Huang's stock advice could become even more valuable in 2027.
Overview
The artificial intelligence (AI) market was looking very shaky two months ago.
On May 14, after a record run-up in share price, Nvidia (NASDAQ: NVDA) stock had surpassed $235/share, giving the company a $5.7 trillion market cap. Then investors began to worry that the AI boom had gotten too far ahead of reality. Over the next few weeks, AI shares took a beating, with Nvidia's dropping 15%, and AI hyperscalers Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN) each plunging 11%. (Not to brag, but I called it.)
Details
That's when Nvidia CEO Jensen Huang gave a piece of jaw-dropping advice to AI investors. Two months later, has his advice paid off?
Source
Originally published at www.fool.com.