Nvidia shares sink as Chinese AI app spooks markets
US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence (AI) app spooked investors in the US and Europe. DeepSeek, a Chinese AI chatbot reportedly made at a fraction of the cost of its rivals, launched last week but has already become the most downloaded free app in the US.
Advisors can breathe a sigh of relief that their clients likely weathered the rough day in the markets without too much pain.
Nvidia shares plunged 17% on Monday, resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S ...
After a Chinese AI app suddenly overtook the competition from OpenAI at the weekend, the AI sector had a dark day on the ...
The shocking $384bn loss suffered by Nvidia and the rise of DeepSeek: Explore the impact on financial markets and the AI ...
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 lost nearly $600 billion off of its market cap. Nvidia’s stock closed at $142.62 a share on Friday afternoon. On Monday, it closed at $118.58. There is speculation that the reason why ...
Shares of chipmaker Nvidia (NVDA) plummeted 17% on Monday and lost nearly $600 billion in market value. The decline was ...
Interesting Engineering on MSN2d
DeepSeek: China’s cheap AI melts NVIDIA’s $600 billion, tanks $1 trillion from US techNVIDIA, the world's most valuable company until Monday, lost $600 billion of market value in a single day, the biggest in US ...
The tech industry has had an insatiable appetite for Nvidia’s chips over the last two years. But the feast may be over sooner ...
3don MSN
Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.
Hosted on MSN2d
Nvidia CEO Huang Loses $20 BillionA lot of people and institutions lost a lot of money as Nvidia Corp. (NASDAQ: NVDA) shed $590 billion in market cap when the ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback