Nvidia's stock has declined more than 11% since last Tuesday when it reached an all-time closing high of $135.58.
Nvidia stock fell more than 6% on Monday as investors rotated out of the chip heavyweight. This comes after the stock had experienced a steep climb, making it vulnerable to profit-taking. The decline marked the third consecutive day of losses for shares of the AI play.
Nvidia's closing stock price last Monday was $118.11 per share, after falling more than 6%.