Nvidia stock fell 3.5% on Tuesday, its biggest drop in months. The drop came amid a broader market selloff on seemingly little news. Traders appear to be using the quiet August Tuesday before Jackson Hole to sell this year’s big winners.

In Nvidia's fiscal first quarter (ended April 27), its revenue increased 69% year over year to $44.1 billion. Its data center revenue increased 73% year over year to $39.1 billion. With data centers accounting for almost 89% of Nvidia's total revenue, it's easy to see just how important the current AI boom has been for its business.