Nvidia CEO Jensen Huang has a message for investors rattled by this week's slide in artificial intelligence stocks: don't panic, go shopping.
According to 24/7 Wall St., Huang said that when AI stocks fall, "everybody should be very excited to buy stock at a cheaper price." The outlet reported that he was unfazed by the recent sell-off and, if anything, "sounded genuinely excited" about the lower prices.
The drop came after what 24/7 Wall St. described as a "Worrisome Wednesday." The publication tied the decline to hotter-than-expected U.S. jobs numbers, which it said fanned fears that interest rate hikes could be on the way. Higher rates tend to weigh on fast-growing technology shares, because they make future profits look less valuable today and give investors safer places to park cash.
Huang's comment frames the pullback as an opportunity rather than a warning sign — a familiar "buy the dip" stance, but one carrying extra weight coming from the head of the company whose chips sit at the center of the AI boom.
It's worth noting what the sources do not provide: there are no specific figures on how far stocks fell, no full context for Huang's remarks, and no independent market data beyond the single report carried across these outlets.
Why it matters: when the CEO most associated with the AI trade publicly urges people to buy on weakness, his words can move sentiment — and ordinary investors should weigh that he has a direct stake in how those stocks perform.