Stocks fell on Monday, following crypto prices lower, as volatility continued into December's trading month.

The S&P 500 shed 0.6%, while the Nasdaq Composite lost 0.8%. The Dow Jones Industrial Average pulled back by 275 points, or 0.6%.

AI chip leader Nvidia has invested $2 billion in semiconductor design software provider Synopsys, adding to its slew of new partnerships in the artificial intelligence ecosystem amid concerns of increasingly circular deals.

Shares of Synopsys jumped 7% in morning trading, while Nvidia shares fell 1%.