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Nvidia ›Technology stocks have been leading the market higher the past few years, but that doesn't mean there still aren't good values out there. Let's look at five cheap tech stocks to buy right now.While Nvidia's (NASDAQ: NVDA) stock isn't often associated with being cheap, it trades at a forward price-to-earnings ratio (P/E) of just 25 times next year's analyst estimates. For a company that just grew its revenue by 62% last quarter and continues to see insatiable demand for its graphics processing units (GPUs), that's a bargain.Spending on artificial intelligence (AI) just continues to climb, and Nvidia remains in the best position to capture it. It has about a 90% market share in the GPU market, and its CUDA software platform, which is where most foundational AI code has been written, gives it a wide moat. And the company has shown it is ready to go on the offensive following a few recent acquisitions and partnerships.With a forward P/E of less than 24, Taiwan Semiconductor Manufacturing (NYSE: TSM) is another top tech bargain. The company saw its revenue soar 41% last quarter, and it is projecting that demand for AI chips will continue to grow at a more than 40% compound annual rate over the next few years.As the only company that can manufacture advanced chips at scale with few defects, TSMC is in a prime position to benefit from the strong continued demand for GPUs and other AI chips. The company is working closely with chip designers on their semiconductor road maps to expand capacity to meet the increasing demand. And it has strong pricing power that will continue to drive revenue growth as well.Meta Platforms (NASDAQ: META) is the cheapest of the so-called "Magnificent Seven" stocks, trading at a forward P/E of just 22. However, the company has been a strong grower, with its revenue climbing 26% last quarter.Meta's growth is being driven by AI, which it is using to both attract new users and keep people on its sites longer by feeding them more of the content they are interested in. At the same time, it's using AI to help advertisers create better ad campaigns and improve targeting.Last quarter, this led to a 14% jump in ad impressions and a 10% rise in ad prices. The company has just started gradually introducing ads to its WhatsApp messaging platform and its 3 billion users, as well as on its newest platform, Threads. This should help drive growth in the coming years.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 91,175.59 +885.13 (+0.98%)CVX Chevron Corporation 155.90 +3.49 (+2.29%)ETH-USD Ethereum USD 3,145.53 +18.96 (+0.61%)XRP-USD XRP USD 2.03 +0.01 (+0.37%)XOM Exxon Mobil Corporation 122.65 +2.31 (+1.92%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events