The broader market indexes have already seen meaningful declines in 2022. The pandemic led to supply chain shortages and widespread inflation. As a result, central banks have begun raising interest rates to slow economic activity and tame inflation. Typically, rising interest rates lead to stock price declines, and this time has been no different.

If you're a long-term investor, that has presented some opportunities to scoop up excellent stocks at lower prices. Nvidia (NASDAQ: NVDA) has seen its share price fall 59% off its high. After soaring during the earlier stages of the pandemic, Nvidia's sales growth is slowing. Let's see why Nvidia could be an outstanding stock to buy if the broader-market declines take its share prices down even more.

Looking at Nvidia's longer term, its revenue has exploded from $4.3 billion in 2013 to $27 billion in its most recently completed fiscal year. The bulk of that growth came in its two most recent years when it experienced sales expansions of 53% and 61%. Nvidia sells graphic processing units (GPUs) used in data centers, gaming devices, and cars. While data center demand for Nvidia's chips remains robust, changing consumer behaviors have suddenly decreased demand for its chips in gaming devices.

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Source Fool.com