Key Takeaways Nvidia shares slid Tuesday as CEO Jensen Huang gave a highly anticipated keynote address at the AI chipmaker's GTC conference.After setting a record high in January, the stock has traded within a descending channel,

Nvidia stock was dropping as investors awaited the start of CEO Jensen Huang’s keynote address at the company's GTC developer conference this afternoon. Shares of the AI chip company were down 3.1% in early trading Monday to $115.

Nvidia founder Jensen Huang kicked off the company’s artificial intelligence developer conference, on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”