Nvidia's Market Cap Drops $589 Billion Amid AI Competition Fears
Nvidia experienced its worst trading day since March 2020, with shares plummeting nearly 17% on Monday, wiping approximately $589 billion from its market cap. The sell-off was triggered by the release of DeepSeek’s R1, an advanced AI model from a Chinese startup that rivals U.S. tech giants like OpenAI and Google. DeepSeek claims its model was developed at a fraction of the cost of American counterparts, raising concerns about the necessity of massive AI spending by U.S. companies.
The tech-heavy Nasdaq fell over 3%, with other AI-related stocks, including Broadcom, AMD, and TSMC, also suffering significant losses. Energy stocks, such as Vistra and Constellation Energy, which had surged on expectations of AI-driven energy demand, were similarly hit. Analysts expressed mixed views, with some calling the reaction overblown and others suggesting it could pressure U.S. firms to focus on efficiency. Nvidia, in a statement, acknowledged DeepSeek as an “excellent AI advancement,” while maintaining confidence in its own technology. The sell-off has sparked a broader debate about the future of AI infrastructure and spending.
DeepSeek Panic Live Updates: Trump Calls AI Development ‘Positive’ Despite Tech Stock Plunge
The president spoke Monday afternoon about the new AI model that roiled the U.S. tech industry.
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Why Nvidia Stock Just Had Its Worst Day Since 2020
Shares of Nvidia tumbled Monday after the release of a sophisticated artificial intelligence model from a Chinese startup prompted a reckoning regardi
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NVDA, GOOGL, or META: Which “Strong Buy” Magnificent 7 Stock has the Highest Upside Potential? - TipRanks.com
The Magnificent 7 stocks: Alphabet ($GOOGL), Amazon ($AMZN), Apple ($AAPL), Meta Platforms ($META), Microsoft ($MSFT), Nvidia ($NVDA), and Tesla ($TSL
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What's Going On With NVIDIA Stock Friday? - NVIDIA (NASDAQ:NVDA)
NVIDIA shares are moving lower on Friday following soft guidance from Texas Instruments.
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Analysts Set Expectations for NVIDIA FY2025 Earnings
NVIDIA Co. (NASDAQ:NVDA - Free Report) - Cantor Fitzgerald issued their FY2025 EPS estimates for NVIDIA in a research note issued on Tuesday, Janua
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RTX (RTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
RTX (RTX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expe
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S&P 500 Retreats After Hitting Fresh Records: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Neutral' Zone - NVIDIA (NASDAQ:NVDA), Nucor (NYSE:NUE)
Market sentiment improved, but remained neutral on Friday. US stocks closed lower, with some tech stocks falling.
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Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’
Nvidia called DeepSeek's R1 model an excellent AI advancement, despite the Chinese startup's emergence causing the chip maker's stock price to plunge
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DeepSeek Billionaire Rout: Nvidia’s Huang And Oracle’s Ellison Lose Combined $48 Billion
Oracle chairman Larry Ellison and Nvidia CEO Jensen Huang lost tens of billions on paper as shares of their AI-focused companies suffered as DeepSeek
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Biggest Market Loss In History: Nvidia Stock Sheds Nearly $600 Billion As DeepSeek Shakes AI Darling
Nvidia lost more market value Monday than the total valuations of American stalwarts UnitedHealth, Costco and Bank of America.
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Tech stocks slump as China’s DeepSeek stokes fears over AI spending
Nvidia loses almost $600bn in market value on worries US groups are facing a ‘Sputnik moment’
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