In what marks the largest single-day drop in stock market history, Nvidia's valuation has been hit by China's answer to ChatGPT.
Nvidia's stock price crashed to $118.58 yesterday, wiping $593 billion off its value and marking the company's worst day on the market since the start of
US chipmaker Nvidia has suffered the largest stock market slump in history after the emergence of an advanced Chinese artificial intelligence (AI) model raised doubts about its technology...
Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.
Portfolio manager Dan Niles warns that Nvidia’s shares could have further to fall after it posted the biggest one-day loss of market-cap in U.S. history.
The emergence of DeepSeek's free assistant has placed big doubts over the US market's AI-driven rally of the past two years.
Selling in Nvidia was like a whirlwind, pushing the stock to lose up to $600 billion market. The reason for the frenzy was one Chinese app called DeepSeek!
Nvidia sheds nearly $600 billion in market value as China’s DeepSeek challenges U.S. dominance in generative AI.
The emergence of DeepSeek, a Chinese artificial intelligence model, caused one of the most shocking stock market crashes in history
A combination of these factors has led to the value of Nvidia stock plummeting on Monday (January 27). Forbes reports that Nvidia has seen the “single greatest one-day value wipe-out” of any company in Wall Street history. It lost almost $600bn (approximately £480bn) as its shares plunged 17% by close.
Nvidia experienced a historic $589 billion market value loss, triggered by Chinese startup DeepSeek's AI breakthrough. DeepSeek's affordable R1 AI mod