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 ...
In what marks the largest single-day drop in stock market history, Nvidia's valuation has been hit by China's answer to ChatGPT.
The shocking $384bn loss suffered by Nvidia and the rise of DeepSeek: Explore the impact on financial markets and the AI ...
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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 ...
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Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.
The tech industry has had an insatiable appetite for Nvidia’s chips over the last two years. But the feast may be over sooner ...
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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 ...
Shares of chipmaker Nvidia (NVDA) plummeted 17% on Monday and lost nearly $600 billion in market value. The decline was ...
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