NVDA

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) has maintained its status as the world's most valuable company for most of the past two years.

SemiAnalysis, the semiconductor research firm that AI hardware investors track obsessively, pegs NVIDIA's (NASDAQ:NVDA | NVDA Price Prediction)

Nvidia stock (NVDA) slipped on Thursday, giving back some of the previous session's gains even as semiconductor stocks broadly rallied, underscoring investors' continued preference for other parts of the artificial intelligence supply chain. Shares were down 1.1% at $201.76 in midday trading after jumping 3.7% on Wednesday.

Long the leading light of the industry, Nvidia has had a bad couple of months. Bloomberg has the ugly details, but the upshot is that the company's stock price has fallen 15% since its peak in May, even as projected revenue continues to grow.

Despite being a key player in the artificial intelligence (AI) space, NVIDIA  NVDA is now trading at one of its lowest valuation levels in years, per a Yahoo Finance article. The company's forward price-to-earnings (P/E) ratio has fallen to 22.22x, its lowest level since at least 2019, according to Yahoo Finance AlphaSpace data.

Apple and Nvidia are the world's largest publicly traded companies by market capitalization, and they have the technical foundation to lead a Mag 7 resurgence.

Two stocks, one question: should a retirement-focused investor own NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) or Sherwin-Williams (NYSE:SHW) right now?

Fundstrat's Tom Lee returned to CNBC's Morning Call Sheet on Thursday, July 9, alongside JonesTrading's Mike O'Rourke and Vital Knowledge's Adam Crisafulli, to discuss a market that is simultaneously celebrating the AI build-out while rotating into value and defensive names.

SK Hynix hopes a U.S. listing will close a valuation gap with peer Micron Technology. It has a compelling case.

It's been an unforgiving past week for the iShares Semiconductor ETF (NASDAQ:SOXX), down just over 8%, even with the 3.6% bounce on Wednesday.