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 stock was hammered big time during the Nasdaq sell-off of 2022. Here's what Nvidia's growth and valuation may mean for what's happening now.

The Nasdaq has hit some turbulence this year. Here's why I couldn't resist the opportunity to buy more shares of this "Magnificent Seven" stock, which has tumbled 20% from its recent peak. Alphabet is one of seven leading tech companies dubbed the Magnificent Seven due to their strong growth prospects and stock price performance in recent years.