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 has entered a correction. A stock market correction means a decline of between 10% and 20% from all-time highs (a 20% decline officially triggers a bear market). As of this writing, after hours on March 11, the Nasdaq-100 index ( QQQ 1.13%) is down 12.6% from its highs, triggering an official stock market correction.

It's been a challenging time for investors, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) has plunged into correction territory -- falling by more than 13% over the past three weeks. Many Americans were already worried about the stock market leading up to this sudden dip.