The annual Computex computing trade show, held in Taipei, Taiwan on May 30, 2017, featured the Nvidia Corporation logo.

Global semiconductor stocks saw volatile trading on Tuesday following a significant decline in Nvidia shares during the previous session.

Early trading saw chip companies in Europe and Asia face a decline in their shares as investors reacted to Nvidia’s loss of more than $500 billion in market capitalization in three trading days. However, some stocks managed to recover, with shares of the U.S. chipmaker giant up about 5.5% as of 11:40 a.m. ET on Tuesday.

Shares of Swiss semiconductor company STMicroelectronics closed the day down more than 1.4%.

In Europe, Dutch chip equipment giant ASML initially suffered losses but reversed the trend to close 0.18% higher as Nvidia shares recovered. ASML plays a crucial role in the global semiconductor market, manufacturing and selling extreme ultraviolet (EUV) lithography machines that chipmakers use to produce integrated circuits.

Soitec, on the other hand, slipped 0.1%, while ASMI rose 0.6% after falling earlier in the session. The pan-European Stoxx600 closed down about 0.3%.

Asian semiconductor stocks also had a volatile day. Taiwanese chip maker MediaTek saw its shares fall 1.8%, while South Korean company Samsung lost 0.3%.

Meanwhile, TSMC, the world’s largest chipmaker, and SK Hynix managed to avoid negative sentiment, gaining 0.5% and 0.9% respectively.

Nvidia stock rebounds

This comes after Nvidia shares have fallen sharply for three consecutive sessions, falling 13% from their all-time highs reached on Thursday.

Nvidia fell 6.7% on Monday, marking its second-largest decline of the year. However, shares began to rebound in early trading on Tuesday.

Last week, Nvidia overtook Apple and Microsoft to become the most valuable U.S. company, with a market capitalization of more than $3.4 trillion. By the end of Monday, Nvidia had lost more than $540 billion in market value after hitting a record high during intraday trading on Thursday.

Nvidia said demand for its popular artificial intelligence graphics processing units (GPUs) remains high. Companies including Microsoft, Google, Amazon, Oracle and Half are investing billions of dollars in Nvidia chips to power their data centers and cloud services.

Later this year, Nvidia plans to begin shipping its next-generation AI chips, known as Blackwell, which analysts say could kick off another phase of significant growth for the chipmaker and its partners.