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NVIDIA CEO Jensen Huang declares AI stocks "cheap" following chip rout
- NVIDIA CEO Jensen Huang defended technology valuations and predicted a multi-year global memory supply shortage.\n- The defense came immediately after Micron Technology fell 13.25% and Western Digital dropped 11.08% in a single session.\n- This high-profile reassurance from a key industry leader aims to stabilize investor confidence and anchor sentiment during a sharp market correction.
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Conclusion
Speaking in South Korea on June 8, 2026, Huang stated AI stocks are "very cheap right now" following the June 5 session where MU fell 13.25% to $864.01 and WDC fell 11.08% to $511.72.