After plunging 17% on Monday, Nvidia climbed almost 9% as investors rushed in to buy this historic dip in shares of the top chip maker.

Nvidia shares rebounded slightly on Tuesday as some traders stepped in to buy one day after the emergence of a cheaper, open-source artificial intelligence model from China caused the biggest market value loss in stock market history.

Stock markets are slowly beginning to bounce back from Monday's AI stock-driven selloff, as investors recover from their shock over the "Sputnik moment," the discovery that China has an AI startup that can build large language models much,