Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"

Nvidia faces pressure from DeepSeek's impact on AI costs. Learn why NVDA stock’s high-margin business model may be vulnerable to these market shifts.

Nvidia stock was plummeting early Monday. News that a Chinese company has built an artificial-intelligence model competitive with Western rivals for a fraction of the cost was provoking a panic in the chips sector.

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

Other technology stocks trading at relatively low valuations to historical levels include Micron, Super Micro and Workday.

Shares of Nvidia ( NVDA -5.29%) were sinking Wednesday. The company's stock fell 6.2% as of 2:20 p.m. ET, but lost as much as 6.9% earlier in the day. The move comes as the S&P 500 ( ^GSPC -0.39%) and Nasdaq Composite ( ^IXIC -0.

US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a steep sell-off a day earlier triggered by the sudden success of Chinese