Nvidia shares were down 1.1% at $188.49 in premarket trading. The move was in line with the wider market, as futures tied to the technology-heavy Nasdaq 100 lost 0.4%. Among other chip makers, Advanced Micro Devices was down 0.9% and Broadcom was falling 0.9% in premarket trading.

Nvidia Corp. today disclosed that it has purchased $5 billion worth of Intel Corp. shares through a private placement.