US stock market: NVIDIA share price crashes 17% on DeepSeek AI fear, loses over $600 billion market cap
US stock market: Following concern over Chinese Air Intelligence (AI) start-up DeepSeek, NVIDIA share price witnessed sharp selling on Monday. The US stock market's tech major, NVIDIA stock price, opened lower at $124.80 apiece on the NASDAQ and touched an intraday low of $116.70 per share.
Nvidia share price: DeepSeek makes a deep $600 bn cut in AI chip-maker's market cap, pushes it behind Apple, Microsoft
Nvidia saw a huge loss on Monday, with its stock dropping 16.86% to $118.58, wiping out $593 billion in market value in just one day. This is the biggest one-day loss ever for a public company. The cause of the drop?
One reason Nvidia looks like a bargain stock following the DeepSeek news
Other technology stocks trading at relatively low valuations to historical levels include Micron, Super Micro and Workday.
US stock market: NVIDIA share price crashes 17% on DeepSeek AI fear
US stock market: Following concern over Chinese Air Intelligence (AI) start-up DeepSeek, NVIDIA share price witnessed sharp selling on Monday. NVIDIA stock price opened lower at $124.80 apiece on the NASDAQ and touched an intraday low of $116.70 per share.
Why Nvidia investors are spooked by Chinese AI upstart DeepSeek
Yet many in Silicon Valley believe the broad sell-off is an overreaction to DeepSeek’s latest model, which they argue could spur wider adoption and utility of AI by radically lowering the technology’s cost,
Business Matters - Nvidia’s value crashes by $600 billion as DeepSeek shakes up AI market - BBC Sounds
Nvidia faced a massive blow after Chinese start up drew huge attention in the AI space
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