What happened Shares of Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) fell 9.3% and 8.5%, respectively, amid a brutal sell-off in technology stocks on Thursday. So what The Nasdaq Composite dove 5%, as previously high-flying large-cap tech stocks like Apple and Microsoft fell sharply. Nvidia's and AMD's losses also contributed to the decline. Shares of Nvidia and Advanced Micro Devices sank on Thursday. Image source: Getty Images. There wasn't much in the way of major news that sparked the sell-off. Yet the valuations of many tech stocks have become stretched in recent weeks as the stock market rallied sharply off its March lows. It appears many traders and investors decided today was the day to begin taking some profits off the table. Now what Despite today's losses, Nvidia and AMD are still up 208% and 162%, respectively, in 2020. The two leading chipmakers are benefiting from the rising demand for chips in the gaming and cloud computing markets, as well as in a host of other industries. These growth trends are likely to persist even if the stock market continues to fall in the days and weeks ahead. If you've had Nvidia or AMD on your watch list, further market declines could give you the chance to pick up some shares at a sizable discount to the prices at which they've recently traded. 10 stocks we like better than NVIDIAWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and NVIDIA wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple, Microsoft, and NVIDIA and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy.Source