Nvidia is scheduled to host the GTC AI Conference and this year's theme is "What's Next in AI Starts here." CEO Jensen Huang is slated to give the keynote addres

Investors on the hunt for bargains in the current market selloff might want to consider chipmaker Nvidia (NVDA). Light Up your Portfolio with

The chip maker is currently trading at 23.3 times earnings expected over the next 12 months, which is below its five-year historic average of 40 times.

Depending on how you look at it, Nvidia Corp.’s stock can be seen as quite cheap, according to a Melius Research analyst.

Ross pointed out that Nvidia's stock is holding the DeepSeek sell-off lows of around $114, hit in early February. Ross said he owns Nvidia and remains a buyer and a believer in the company — but if the DeepSeek lows are breached, he would be "less sanguine."

The chip maker's shares are down 14% in 2025, tumbling as Donald Trump's tariffs have triggered a rotation out of tech.

GTC 2025 conference is less than a week away, and investors are anticipating a catalyst for its struggling stock could be coming. That optimism helped shares jump as much as 7.4% today. Even so, Nvidia shares have lost more than 15% so far this year,