Nvidia (NASDAQ:NVDA) stock fell more than 6.6% on Monday, pushing the AI darling’s valuation back below the $3 trillion mark.
However, NVDA is set to claw back some of the lost ground Tuesday, rising more than 3% in premarket. Should it hold onto these gains, the stock would boost its market cap by around $90 billion and back above the $3 trillion threshold.
Nvidia briefly surpassed Microsoft (NASDAQ:MSFT) last week and became the world’s most valuable stock, but it couldn’t retain the top position for long.
Still, NVDA is up more than 138% since the start of the year and is the best-performing stock within the Nasdaq 100 index.
