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

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%.

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.