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.

Nvidia (NVDA) shares are extending gains on Friday after one of its major suppliers, Foxconn, issued guidance that confirmed the AI trade is far from over yet. The electronics maker known more formally as Hon Hai Precision Industry expects its AI server revenue to exceed 1 trillion New Taiwanese dollars or about $30 billion in 2025.