Nvidia CEO's June Comments Proved Accurate as Stock Outperforms Market
On June 8, Nvidia (NASDAQ: NVDA) CEO Jensen Huang described a sell-off in tech stocks as an opportunity to buy at a discount. While the stock initially dipped further before recovering, it ultimately outperformed the S&P 500 over the following months. From June 8 to September 4, 2026, Nvidia's shares rose by about 9.6%, compared with a roughly 3.7% gain for the broader index. The stock gained significant momentum after Nvidia reported strong fiscal Q2 results on August 26, which showed revenue surging 106% year-over-year to $96.2 billion and data center sales rising by 117%. Management also raised its guidance for future growth, forecasting a potential 70% increase in fiscal 2028 revenue—well above Wall Street's expectations of around 44%. These results reinforced Huang’s argument that the AI infrastructure build-out remains robust. Despite these gains, investors should be cautious. Nvidia expects margin pressures due to rising component costs and supply constraints, particularly with no data center chip sales expected in China for Q3. However, its valuation appears reasonable based on future earnings estimates.
Tickers: $NVDA
Topics: AI infrastructure CEO comments Nvidia stock performance