June 24 (Reuters) - The Nasdaq opened lower on Monday after Nvidia and some other chip stocks remained under selling pressure, with investors on tenterhooks as a key inflation print this week is set to further shape bets over the timing and quantum of rate cuts this year.

The Dow Jones Industrial Average rose 34.16 points, or 0.09%, at the open to 39,184.49. The S&P 500 opened lower by 5.04 points, or 0.09%, at 5,459.58, while the Nasdaq Composite dropped 49.10 points, or 0.28%, to 17,640.26 at the opening bell. (Reporting by Ankika Biswas in Bengaluru; Editing by Maju Samuel)