Nvidia's stock is cheap to start the new year.Investors looking to find a chip stock trading at a discount at the beginning of 2026 don't need to look too far. The reason for this is that the largest semiconductor company in the world, Nvidia (NVDA +2.98%), also has one of the most attractively valued stocks.Its stock trades at a forward price-to-earnings (P/E) ratio of 24.5 times analyst estimates for fiscal 2027 (ending January 2027) and a price/earnings-to-growth (PEG) ratio of less than 0.7 times (with ...