Shares of Nvidia ( NVDA -8.69%) are falling on Monday. The company's stock lost 4.5% as of noon ET, but was down as much as 5.3% earlier in the day. The drop comes as the S&P 500 ( ^GSPC -1.76%) slipped 0.3% and the Nasdaq Composite ( ^IXIC -2.64%) lost 0.4%.

Nvidia (NVDA) shares are taking another hit today as last week’s losses spill over. This is due to concerns about artificial intelligence

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 7.9% in the afternoon session after market volatility continued, with the stock seemingly affected by the broader downturn as the Nasdaq declined 1.