Nvidia is the gold standard and leading provider of the graphics processing units (GPUs) used to train and run AI systems. The company is believed to control as much as 98% of the data center GPU market, according to semiconductor analyst firm TechInsights. If AI models can be trained on lower-cost, inferior chips, Nvidia has a lot to lose.
Shares of Nvidia, Broadcom, and ASML slump as China’s DeepSeek threatens the companies’ dominance in artificial intelligence, while AI energy and infrastructure stocks such as Vistra and GE Vernova tumble.
Monday’s trading session saw mixed results in the U.S. stock market. The S&P 500 dropped by 1.5% to 6,012.28, shedding nearly 90 points, while the NASDAQ fell 3.07% to 19,341.83. On the other hand, the Dow managed to trade up by 0.
Broadcom stock sold off on Monday following DeepSeek's release. Read why I think AVGO represents a solid short-term and long-term Buy.
Several tech stocks, including Nvidia (NVDA), fell as Chinese startup DeepSeek unveiled its AI model which gave its American counterparts a run for their money.
Global investors dumped tech stocks amid the emergence of a low-cost Chinese AI model, leaving Nvidia with a record one-day loss for any company on Wall Street.
Chinese startup DeepSeek's recently launched free AI assistant had overtaken US rival ChatGPT in downloads from Apple's app store
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence boom, has been dealt a tough reality check by a small Chinese company that showed it could do more
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.
Investors offloaded tech stocks globally on Monday, wiping $592.7 billion from Nvidias (NASDAQ:NVDA) market value as concerns grew over DeepSeek, a Chinese AI model threatening industry leaders. DeepSeeks free
Nvidia faced a catastrophic 16.9% drop in its stock price today, its worst day on Wall Street since March 2020. The sell-off was caused by Chinese AI company