Shares of Nvidia (NASDAQ: NVDA) were under pressure on Tuesday, falling as much as 6%. As of 3:13 p.m. ET, the stock was still down 5.6%. Nvidia stock appeared to be caught up in overall market weakness,

Key Takeaways Nvidia shares climbed to close at an all-time high Monday.The gains came after Nvidia supplier Foxconn posted record fourth-quarter revenue.CEO Jensen Huang is also set to deliver the opening keynote at a major consumer electronics show Monday evening.

Nvidia (NASDAQ:NVDA) jumped during early market action on Monday after Foxconn Technology (OTCPK:FXCOF) reported its highest fourth quarter revenue on record. Foxconn said due to strong demand from AI servers,

The Nvidia selloff comes despite an overwhelmingly positive reaction from Wall Street analysts on the the speech largely focused on Nvidia’s efforts in robotics,

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.