Shares of Nvidia (NASDAQ: NVDA) experienced a brief decline today, falling as much as 10.7% during early trading before bouncing back, closing the session down only 1.7%. The drop was driven by remarks made by famed billionaire investor Stanley Druckenmiller in an interview on CNBC.

Druckenmiller, known for his successful track record running the Duquesne Capital Management fund, revealed that he had reduced his stake in Nvidia back in late March. He justified his decision by stating that many of the factors contributing to the stock's success had become widely recognized in the market.

Although Druckenmiller was an early adopter of Nvidia, recognizing its potential in the generative AI boom, he began offloading his holdings in the company in the fourth quarter of 2022. However, this move may have been premature, as Nvidia's AI stock surged again in Q1 of this year.

Investors were initially concerned by Druckenmiller's remarks, but some saw the sharp decline in Nvidia stock as a buying opportunity, leading to a recovery throughout the morning. Druckenmiller himself expressed long-term optimism for the AI sector, but believed it was time to take profits given the stock's significant gains since he started buying.

As Nvidia's market cap has surpassed $2 trillion, it is unlikely to experience the same level of multibagging returns moving forward. However, the stock could still outperform, and more insights will be gained when Nvidia reports its Q1 earnings later this month.

It is worth noting that the Motley Fool Stock Advisor analyst team recently released a list of what they consider to be the ten best stocks to invest in right now, but Nvidia did not make the cut. These ten stocks are expected to generate significant returns in the years to come.

Overall, while Stanley Druckenmiller's remarks initially caused concern among investors, the recovery in Nvidia's stock indicates that some see it as a buying opportunity. The long-term potential of the AI sector, coupled with Nvidia's strong performance, suggests that the stock could continue to outperform.

Disclosure: Jeremy Bowman has no position in any of the mentioned stocks. The Motley Fool has positions in and recommends Nvidia and has a disclosure policy.