Nvidia CEO Jensen Huang visited China on Thursday as the executive behind high-powered artificial-intelligence chips seeks to navigate the trade war between the U.S. and China.

The 27% drop in Nvidia stock from its recent all-time high has created an opportunity for investors to buy it at an attractive valuation relative to its history. It currently trades at a price-to-earnings (P/E) ratio of 36.9. That's its cheapest level in three years, and also a 38% discount to its 10-year average P/E ratio of 59.5.

Jensen Huang, has arrived in Beijing following the recent implementation of U.S. restrictions on the company's chip sales to China.