Key Points
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On May 14, Nvidia’s stock dropped nearly 15% amid overvaluation concerns, following a record share price of over $235, giving the company a $5.7 trillion market cap.
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CEO Jensen Huang, during meetings in Seoul with South Korean memory chipmaker SK Hynix, advised investors to buy the dip, suggesting the AI boom is just beginning.
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Since June 8, Nvidia’s shares are up 5.1%, slightly outperforming the S&P 500, which increased 4.3%. A broader basket of AI stocks, including Microsoft and Amazon, has yielded an 8.5% return during the same period.
5 Stocks Our Experts Predict Could Double In the Next Year
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