Nvidia (NVDA) Stock: How Jensen Huang’s Buy-the-Dip Call Played Out

TLDR

• Jensen Huang told investors to “buy the dip” on June 8 when AI stocks had dropped sharply, with NVDA down over 15% from its May peak
• Investors who followed Huang’s call on NVDA are up 5.1% as of early August, beating the S&P 500’s 4.3% gain over the same period
• A basket of NVDA, Microsoft, Amazon and Alphabet returned roughly 8.5% over the same window
• Nvidia and SK Group unveiled a $500 billion multi-year partnership on July 24, covering AI memory supply and large-scale data centers
• NVDA opened at $217.55 on Tuesday, down 2.9%, with a consensus analyst price target of $304.26 and a market cap of $5.26 trillion

In early June 2026, AI and chip stocks shed roughly $1.3 trillion in combined market value in just a few days. Nvidia had pulled back more than 15% from its May peak.

Jensen Huang was in Seoul for business meetings when he stepped out and told reporters to buy the dip. “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,” he said on June 8.

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