The chip maker is currently trading at 23.3 times earnings expected over the next 12 months, which is below its five-year historic average of 40 times.

Nvidia (NASDAQ: NVDA) stock has been a fantastic medium- and long-term winner and even a winner over the last year. But shares of the artificial intelligence (AI) chip and technology leader have been having a tough time recently.

CompanyOverview|NASDAQ:NVDA] Headwinds aside, the outlook for NVIDIA's (NASDAQ: NVDA) growth and long-term profitability is undeniable. AI is driving results; the company is expanding into new verticals and is forecasted to grow at a double-digit pace for at least the next ten years.

Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) delivered terrific gains last year as shares of both companies shot up remarkably thanks to the fast-growing demand for their artificial intelligence (AI)-focused hardware and software solutions.

Tech stocks are getting battered by President Donald Trump’s new tariffs, but some analysts say it’s time to buy the dip. According to Wedbush

Nvidia stock was gyrating between losses and gains Tuesday, after the artificial-intelligence chip maker’s had a bad start to the week. Shares rose .85% to $107.89 in afternoon trading, while the S&P 500 sank 1.