Depending on how you look at it, Nvidia Corp.’s stock can be seen as quite cheap, according to a Melius Research analyst.

Nvidia stock was sliding on Monday as investors’ recession fears overshadowed more signs that demand for the artificial-intelligence chip maker’s products remains sky-high. Shares slipped 1.9% to $110.

Nvidia stock has soared 1,500% over the past five years thanks to the company’s leadership in the artificial intelligence market -- and valuation has climbed too. But in recent weeks, concerns about the economy have halted the momentum.

Had you taken $10,000 and split it equally between Nvidia stock and Bitcoin exactly five years ago, it would be worth a whopping $139,000 today. A series of unique tailwinds could drive further upside in both Nvidia stock and Bitcoin this year,