Nvidia climbed 8.8%, with the rally gaining steam throughout the day and closing near session highs. The stock at one point shortly after the open was in the red. That bounce come

Nvidia stock looked set to pare some of its losses Tuesday.The chip maker was partly recovering from its historic fall the previous day as the market digested a Chinese startup’s claims of developing a leading artificial-intelligence model at an unprecedentedly low cost.

Nvidia stock rose early Tuesday as the AI chipmaker began to recover from a massive decline the prior day that shaved nearly $600 billion off its market cap.