Two months after Nvidia CEO Jensen Huang urged investors in Seoul to "buy at a discount" during an AI stock sell-off, his call has paid off. Nvidia shares have risen 5.1% since June 8, edging out the S&P 500's 4.3% gain, while a broader basket of Nvidia, Microsoft, Amazon, and Alphabet has returned 8.5%. Huang's remarks came as he finalized a partnership with SK Hynix, which just committed $38.3 billion to expand high-bandwidth memory production through 2031. Separately, Huang told Y Combinator's Startup School that AI will eliminate tasks, not jobs, a stance that eases fears of an AI-driven economic downturn and supports the long-term thesis for AI infrastructure spending.