With the Nasdaq Composite in correction territory, investors should consider investing some cash in the stock market. This year, its revenue is expected to reach $204 billion, clearly indicating that AI investments aren't waning.

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.

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