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.

Nvidia CEO Jensen Huang advised investors to 'buy at a discount' during a June tech stock sell-off when Nvidia shares had fallen 13%. Since then, Nvidia stock has gained 2.2%, underperforming the S&P 500's 3.1% gain. However, the stock remains reasonably valued with forward P/E ratios of 23.8x (fiscal 2027) and 16.5x (fiscal 2028), as Wall Street has also raised earnings expectations. Nvidia's strong free cash flow of $48.6 billion and dominant position in AI infrastructure support its valuation, though the call's success ultimately depends on upcoming earnings results.