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.

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.

CompanyOverview|NASDAQ:NVDA] Headwinds aside, the outlook for NVIDIA's (NASDAQ: NVDA) growth and long-term profitability is undeniable. AI is driving results; the company is expanding into new verticals and is forecasted to grow at a double-digit pace for at least the next ten years.

Nvidia (NASDAQ: NVDA) and Palantir (NASDAQ: PLTR) are two of the best-known artificial intelligence stocks, but only one can win this head-to-head battle. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now.