However, in addition to its prospects above, Nvidia stock is also surprisingly cheap after the recent pullback. It now trades at a forward price-to-earnings (P/E) ratio of just 24, which is comparable to the S&P 500 's forward P/E of 20.7.

NVIDIA is a fundamental performer in AI technology and innovation. Investors should closely examine its stock trends due to its impactful technologies and strong market interest. Experts are optimistic about NVIDIA's innovative solutions and solid financial performance,

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.