Today was the worst day for Nvidia stock since April 21, when shares fell 4.5%, according to Dow Jones Market Data. That April drop was also due to a broader market selloff: The Nasdaq fell 2.6% after the president’s comments raised concerns that he would replace the Federal Reserve chairman.

While competition is rising, Nvidia remains well positioned to capitalize on a number of emerging infrastructure opportunities. Nvidia stock remains attractively priced compared to prior levels seen during the artificial intelligence (AI) revolution.