Nasdaq Stock Market Correction: Is Nvidia Stock a Buy at 27% Off Its High?

The artificial intelligence (AI) chip giant's stock is trading at an attractive valuation.Nvidia (NVDA 5.20%) 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. Nvidia stock closed at $108.76 on Tuesday, March 11, which represents a decline of 19% in 2025 and a drop of 27.2% from its all-time closing high of$ 149.43, reached on Jan. 6 of this year.For c ...