Nvidia stock appeared to be caught up in overall market weakness, and taking a breather after closing at a new record high on Monday. Furthermore, investors seem to be digesting the myriad product announcements from the artificial intelligence (AI) chipmaker in conjunction with the kickoff of CES yesterday in Las Vegas.

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Nvidia (NASDAQ: NVDA) stock hit a new all-time high Monday morning, shaking off its mid-December slump and jumping as much as 5.3%. As of 1:19 p.m. ET, the stock was still up 4.7%. There were a couple of developments that sent the artificial intelligence (AI) chipmaker higher,

Nvidia and Apple are neck and neck in the contest to become the largest U.S. company. The chip maker’s market value briefly surpassed Apple’s in intraday trading Monday, according to Dow Jones Market Data.