Nvidia's (NASDAQ: NVDA) fiscal 2025, which ended Jan. 26, featured impressive financial performance, with revenue soaring 114% year over year to $130.5 billion and diluted earnings per share rising 147% to $2.

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

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 (NVDA) is up nearly 7% in midday trading on March 12 in anticipation that the company’s upcoming GTC conference starting on March 17 will serve as a much-needed catalyst for its stock price recovery.

Nvidia stock was rising early Wednesday as it continued to pare back some of its recent losses—but more big swings could be ahead. Shares in the chip maker rose 2.2% to $111.11 in premarket trading, having closed the previous session up 1.

The past three months haven't been great for Nvidia (NASDAQ: NVDA) investors as shares of the graphics card specialist have dropped nearly 20% during this period, dropping at a much faster pace when compared to the S&P 500 index's drop of 8%.

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 6.9% in the morning session as markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of February 2025 came in better than expected.