The company estimates that there is a $1 trillion market opportunity for it to tap into, with chips and systems as just one piece of that potentially worth $300 billion. There's another $300 billion opportunity in the automotive industry, plus $150 billion in the omniverse (i.e., the metaverse for engineers), $150 billion in enterprise software for artificial intelligence, and another $100 billion in gaming. For a company that has generated close to $30 billion in revenue over the trailing 12 months, Nvidia is only scratching the surface of what it can achieve in the long run.

Nvidia's near-term headwinds are just short-term problems for the company and are not something that should detract investors from what's still a solid business that generates impressive profit margins of 26%, and that's likely to get a whole lot bigger in the future.

Trading at around $126 on Monday, the stock is down 64% from its 52-week high of $346.47. Even if it doesn't get back to those levels anytime soon, the stock can still be a terrific buy for the long haul.