The tech giant announced several new products at the CES trade show in Las Vegas on Monday, including its first desktop computer. Shares of Nvidia Corp (Nasdaq: NVDA) are nearing all-time highs in premarket trading this morning after the company announced a slew of new AI products at the CES trade show in Las Vegas yesterday.

Chipmaker and AI darling Nvidia is back nipping at Apple's heels as the most valuable company in the world, with the stock hitting an all-time high Monday.

Nvidia (NASDAQ: NVDA) stock is falling in Tuesday's trading. The artificial intelligence (AI) leader's share price was down 5.5% as of 2:45 p.m. ET amid a 0.9% decline for the S&P 500 index and a 1.6% pullback for the Nasdaq Composite index.

Chipmaker and AI darling Nvidia is back nipping at Apple's heels as the most valuable company in the world, with the stock hitting an all-time high Monday.

NVIDIA (NASDAQ: NVDA) is still the most important stock after two-plus years of dominating the stock market. Its GPU technology unlocked the door to AI, and now NVIDIA is capitalizing on it using a full-stack method.