Nvidia stock was falling Tuesday as investors reacted to new products from the chip designer. At the same time, there wasn’t much news on its next generation of artificial intelligence chips.Nvidia shares were down 5.

Nvidia sells graphics processing units (GPUs) that provide computing power for various uses. More than two decades ago, the main function was to support PC gaming. But what has put the business on the map in recent years has been its GPUs that enable training AI models in massive data centers, now representing the bulk of the chipmaker's sales.

Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.