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 (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. 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 context, the S&P 500 and the tech-heavy Nasdaq Composite indexes are down 5.3% and 9.7%, respectively, in 2025 through March 11. Moreover, the S&P 500 is 9.3% lower than its all-time closing high, set on Feb. 19. And the Nasdaq is 13.7% off its all-time closing high, reached on Dec. 16 of last year.
Nvidia stock's recent sizable pullback begs the question: Does the stock's current price look like an attractive buying opportunity?
