Investors on the hunt for bargains in the current market selloff might want to consider chipmaker Nvidia (NVDA). Light Up your Portfolio with

Depending on how you look at it, Nvidia Corp.’s stock can be seen as quite cheap, according to a Melius Research analyst.

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 (NVDA) shares are taking another hit today as last week’s losses spill over. This is due to concerns about artificial intelligence

GTC 2025 conference is less than a week away, and investors are anticipating a catalyst for its struggling stock could be coming. That optimism helped shares jump as much as 7.4% today. Even so, Nvidia shares have lost more than 15% so far this year,