Nvidia (NVDA) has been at the center of the semiconductor industry since the artificial intelligence (AI) frenzy began. Its cutting-edge graphics processing units (GPUs) are becoming increasingly important as demand for AI computing rises.

We recently published a list of Top 10 Semiconductor Stocks to Buy Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other top semiconductor stocks to buy now.

Nvidia’s chips are primarily manufactured by TSMC in Taiwan; however, some systems and computers utilizing these chips are produced in other regions, including Mexico.

As a result, Nvidia stock slid about 14% over the past month. And this has brought valuation down -- Nvidia now trades at only 24 times forward earnings estimates, it's cheapest level in more than a year.

Tech stocks are getting battered by President Donald Trump’s new tariffs, but some analysts say it’s time to buy the dip. According to Wedbush

The semiconductor stock has a forward multiple of price to earnings that’s 41% below where it was the day that ChatGPT made its debut in late 2022, noted Melius’ Ben Reitzes. That comes against the backdrop of a 788% rise in Nvidia’s NVDA net income for fiscal 2025 relative to fiscal 2023 levels.

Nvidia stock was falling Tuesday, dashing hopes that the artificial-intelligence chip maker’s horror start to the week wouldn’t extend into a second session. Shares sank 1.78% to $105.35 in early trading,