Nvidia is the gold standard and leading provider of the graphics processing units (GPUs) used to train and run AI systems. The company is believed to control as much as 98% of the data center GPU market, according to semiconductor analyst firm TechInsights. If AI models can be trained on lower-cost, inferior chips, Nvidia has a lot to lose.

Nvidia’s stock is off to a positive start after a wild Monday. Shares of the chipmaking giant were recently up about 2%, easily outpacing the slight rise in the S&P 500. The first hours of Tuesday’s session followed a start to the week that marked Nvidia’s (NVDA) worst day in years,

After Monday's dramatic crash, tech stocks made a solid recovery in Tuesday’s premarket. Nvidia led the way, climbing 5.29% to $124.91, with Broadcom not far behind, gaining 4.82% to $211.87. Advanced Micro Devices and Intel also posted modest gains of 1.