It seems reality is finally catching up with Nvidia (NVDA), which has seemed unstoppable since artificial intelligence euphoria began in 2023. The stock, which gained almost 240% in 2023 and 171% in 2024,

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Nvidia stock fell on Monday despite more signs that demand for the chip maker’s artificial-intelligence products remains high. Shares dropped 5.1% to $106.98, their lowest close since Sept. 9, according to Dow Jones Market Data.

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 5.4% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread.