By John Bromels
Publication Date: 2026-08-09 10:55:00
The artificial intelligence (AI) market was looking very shaky two months ago.
On May 14, after a record run-up in share price, Nvidia (NVDA +2.27%) 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 (GOOGL -0.96%) (GOOG -0.88%) and Amazon (AMZN +0.81%) each plunging 11%. (Not to brag, but I called it.)
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?
Nvidia CEO Jensen Huang. Image source: Nvidia Corporation.
Huang’s advice
Huang was in Seoul for a series of business meetings, including one in which he finalized a partnership with South Korean memory chipmaker SK Hynix to design next-generation AI memory chips.
Between meetings, the Nvidia CEO spoke to reporters, and he didn’t mince words. Here’s what he said about the AI boom: “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. Everybody should be very excited.”
In other words, Huang believed June 8 was a big opportunity to “buy the dip” in Nvidia and other AI stocks. Was he right?
Was he ever!
Read to the end
Indeed, if investors had taken Huang’s advice and gone “all in” on Nvidia’s stock on June 8, they would now be beating the…
