Down over 13% from its all-time high (achieved in December), the Nasdaq Composite is officially in a correction, which is defined as a drawdown of at least 10%. After falling by 4% on Monday, the Nasdaq Composite ticked down again on Tuesday as the broader market sell-off intensified across the major indexes.

Wall Street's major averages rebounded strongly on Friday, a day after stocks closed in correction territory as President Donald Trump's tariff feuds hit investor sentiment. The benchmark S&P 500 (SP500) was +1.

Nvidia stock was hammered big time during the Nasdaq sell-off of 2022. Here's what Nvidia's growth and valuation may mean for what's happening now.

The Nasdaq Composite index has entered correction territory as the tech-laden market index is now down more than 13% from the highs it achieved on Dec. 16 last year, and this souring market sentiment can be attributed to recent economic developments that have led investors to become risk averse.

A three-week rout in markets has dragged the S&P 500 more than 10% off its recent high. Meanwhile, Trump refuses to bend on tariffs and shrugs off market woes.

The tech sector has been getting hammered so far this year, down 10.5% at the time of this writing, which is slightly worse than the Nasdaq Composite. The Nasdaq is in a correction -- down over 13% from its all-time high at the time of this writing.

These top tech stocks are down more than 10% in just the past month. They have tremendous opportunities in artificial intelligence, which can lead to significant revenue and profit growth in the future.