With a forward price-to-earnings (P/E) multiple of just 25.5, Nvidia shares are valued only slightly higher than the Nasdaq-100 estimate of 25, making them quite affordable and reducing the risk of downside. The stock is likely to remain flat this year unless there is a severe deterioration in macroeconomic conditions, such as a recession.

Nvidia stock fell on Monday despite more signs that demand for the chip maker’s artificial-intelligence products remains high. Shares dropped 5.1% to $106.98, their lowest close since Sept. 9, according to Dow Jones Market Data.

Despite the drop in the S&P 500, nearly 40% of its stocks rose. Nvidia stock impact shakes markets. Berkshire Hathaway, led by Warren Buffett, was one of the significant gainers,