Nvidia CEO Jensen Huang advised investors on June 8 to buy AI stocks at a discount during a recent sell-off, and his call has since paid off. Nvidia shares are up 5.1% since June 8, outperforming the S&P 500's 4.3% gain. A broader basket of AI stocks including Nvidia, Microsoft, Amazon, and Alphabet returned 8.5% over the same period, driven by Microsoft's 18.5% rise and Amazon's 11.1% gain, while Alphabet dipped 0.5%. Huang made the comments in Seoul while finalizing a partnership with SK Hynix on next-generation AI memory chips, emphasizing that the AI boom is just beginning.
