Chipmaker and AI darling Nvidia is back nipping at Apple's heels as the most valuable company in the world, with the stock hitting an all-time high Monday.

The tech giant announced several new products at the CES trade show in Las Vegas on Monday, including its first desktop computer. Shares of Nvidia Corp (Nasdaq: NVDA) are nearing all-time highs in premarket trading this morning after the company announced a slew of new AI products at the CES trade show in Las Vegas yesterday.

AI researchers and data scientists. Nvidia announced Project DIGITS — a desktop AI supercomputer with the company’s latest Blackwell AI chip starting at $3,000 — to enable AI researchers and data scientists to work on AI models without tapping “Nvidia’s cutting-edge AI chips housed in data centers,” the Journal reported.

Nvidia stock was looking to find its footing on Wednesday after economic data prompted a Big Tech selloff the previous day. Nvidia stock tumbled 6.2% in the previous session, wiping out about $200 billion worth of market capitalization.

Nvidia experienced a significant drop in stock price following its CEO, Jensen Huang’s keynote address at the Consumer Electronics Show (CES) 2025 in Las Vegas.