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NVIDIA loses nearly $600 billion in market value
Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene
Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.
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 the most downloaded free app in the US.
Chinese AI startup DeepSeek is threatening Nvidia’s AI dominance
DeepSeek's new AI model has sparked concerns about Nvidia's dominance in the AI hardware market, causing a drop in the chipmaker's stock and raising questions about the future of high-performance AI chips.
AI Stocks Nvidia, Broadcom, Astera Crash On DeepSeek Fears
Dow Jones Futures: AI Stocks Nvidia, Broadcom, Astera Crash On DeepSeek Fears
Dow Jones Futures: AI stock leaders Nvidia, Broadcom and Astera Labs all crashed on DeepSeek fears Monday. A new AI model from Chinese company DeepSeek is undermining the AI boom's darling, Nvidia. Akero Therapeutics' stock surged following Phase 2b SYMMETRY study results.
Nvidia stock: China's DeepSeek AI model shocks the world. Should you sell?
DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.
China’s DeepSeek AI is hitting Nvidia where it hurts
A chatbot made by Chinese artificial intelligence startup DeepSeek has rocketed to the top of Apple’s App Store charts in the US this week, dethroning OpenAI’s ChatGPT as the most downloaded free app.
4h
on MSN
DeepSeek caused a $600 billion freakout. But China’s AI upstart may not be the danger to Nvidia and U.S. export controls many assume
Top of the line GPUs. DeepSeek has said it has access to 10,000 of Nvidia’s older generation A100 GPUs—chips that were ...
5h
Nvidia reels after China’s AI breakthrough
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence ...
7h
on MSN
Nvidia Calls DeepSeek ‘Excellent’ AI Advance, Dismisses Concerns
Nvidia Corp., the biggest provider of chips used to train artificial intelligence software, said a new model released by ...
6h
DeepSeek sparks global AI selloff, Nvidia losses about $593 billion of value
Investors sold technology stocks across the globe on Monday as they worried that the emergence of a low-cost Chinese ...
9h
DeepSeek spells crisis for American AI companies, starting with Nvidia’s $500 billion landslide
DeepSeek said it spent only $5.6 million developing its model—peanuts when compared with the billions U.S. tech giants have ...
4h
on MSN
This man wiped $600 billion off Nvidia’s valuation by marrying quant trading with AI.
DeepSeek was created by a top Chinese quantitative trading firm. It’s not unusual for Wall Street quant luminaries to try ...
16h
on MSN
Lambda Labs' COO has left the AI cloud provider to head Positron, a startup trying to compete with Nvidia
Mitesh Agrawal is leaving Lambda Labs to head a little known AI hardware startup trying to take on Nvidia.
Livewire Markets
51s
DeepSeekAI: What Is It? and Why it’s a threat to the current AI Goliaths
DeepseekAI claims to have built its latest AI models for just $6 million, so do we need Nvidia's expensive chips?
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