U.S. stocks have fallen sharply in recent weeks as the Trump administration began imposing tariffs on foreign trading partners. As of March 13, the benchmark S&P 500 (SNPINDEX: ^GSPC) has fallen over 10% from the record high it reached in February.

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.

Wall Street's major averages rose higher in Friday's afternoon trade, 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 last  +1.