Red-hot Nvidia dips after it unveils new AI chip

Nvidia shares dipped in premarket trading on Tuesday after having more than tripled in value in the past year, as the dominant AI chip supplier unveiled its latest flagship product that is expected to further cement its lead in the industry.

Shares of Wall Street’s third most-valuable firm were down about 1%, with some analysts saying investors had already factored in the launch and were looking out for more details.