Nvidia shares nosedive as Chinese startup DeepSeek unleashes its AI beast! What's next for the tech giant?
In the ever-evolving world of technology, particularly artificial intelligence, a seismic shift appears to be shaking the very foundations of the industry. This week, Nvidia, widely considered the flagbearer of AI innovation, suffered a staggering drop in shares, plummeting over 12% in a single day. The culprit? A newly launched AI model from China’s DeepSeek, led by quant fund chief Liang Wenfeng. Its capabilities have sparked fears of a competitive landscape that could challenge not just Nvidia but the American tech industry as a whole. Some analysts speculate that this threat could collectively wipe off over $400 billion from Nvidia’s market capitalization, sending shockwaves across the global tech market.
The launch of DeepSeek’s AI model has been dubbed a "Sputnik moment" by industry insiders. Just as the satellite launch in the late 1950s changed the space race dynamics, the release of DeepSeek’s low-cost, open-source AI technology may drastically impact the balance of power in artificial intelligence. While Nvidia enjoyed a glorious 196% gain earlier in the year, the spontaneous sell-off in stocks such as Broadcom and others in the semiconductor sector signals a reconsideration of the valuation that investors have given these companies. The fear that American companies might no longer have an unassailable hold on AI technology looms large, causing broad declines in tech stocks, with Nasdaq losing 3% in pre-market trading alone.
As investors impatiently monitor these developments, many are re-evaluating Nvidia's stock price targets amidst this newfound pressure from DeepSeek. With whispers that their AI model could outperform heavyweights like OpenAI’s and Meta’s latest offerings, questions around demand for Nvidia chips are intensifying. The launch has ignited discussions about whether Nvidia will continue to lead the pack or face potential disruption from this unexpected competitor.
In the midst of all this tension, it’s crucial to consider some interesting facts about AI. According to the International Data Corporation (IDC), global spending on AI is projected to reach $500 billion by 2024 – a potent sign of just how significant this technology is becoming. Moreover, industry experts believe that AI could add $15.7 trillion to the global economy by 2030, highlighting the stakes at play in this rapidly morphing landscape.
So, whether you’re an investor or just a tech enthusiast, keep an eye on this developing feud! The battle may be on, but the tech titans are well aware that in this game, survival isn’t just about innovation—it's about staying relevant in a space that’s evolving at breakneck speed! Who will come out on top when the dust settles is anybody’s guess, but one thing's for sure: we’re in for a thrilling ride!
US technology stocks fell after Chinese AI startup DeepSeek raised concerns about American industry leadership. Nvidia shares dropped over 12%, ...
DeepSeek, founded by quant fund chief Liang Wenfeng released its latest AI model just last week and is now seen as a competitor to OpenAI and Meta Platforms ...
Nvidia, hailed as the AI boom's poster child with a 196% gain in 2024, now faces rising scrutiny. DeepSeek's low-cost, open-source model challenges the ...
Nvidia stock and Broadcom stock were plunging Monday after a new AI model triggered questions about the chip makers' lofty valuations.
Stock Futures are diving as DeepSeek AI has sent a chill through markets with Dow, S&P 500, and Nasdaq futures dropping in premarket trading on Monday.
Nvidia shares tumbled in early Monday trading following the launch of an AI-powered chatbot in China that has triggered a massive selloff in U.S. tech ...
Nvidia (NVDA) stock plunged as much as 14% in pre-market trading on Monday after Chinese artificial intelligence startup DeepSeek's latest model raised ...
Technology stocks plummeted as the launch of DeepSeek's low-cost AI model cast doubts on the dominance of U.S. companies. The emergence of this Chinese ...
China's DeepSeek is roiling AI stocks as Wall Street mulls demand for Nvidia chips and huge capital spending by tech industry giants.
Nvidia, the leading chipmaker for AI applications, saw its stock plummet 11.7%, while a broader semiconductor index fell 6.5%.
According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI's o1 and Meta's Llama AI models across ...
Shares of Nvidia tumbled Monday after the release of a sophisticated artificial intelligence model from a Chinese startup prompted a reckoning regarding AI ...
Reports that Chinese AI lab DeepSeek has created an AI model that rivals U.S. models sent shockwaves through AI chip stocks on Monday.
Nvidia Corp.'s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from ...
The app has overtaken ChatGPT to become the top free application on Apple's App Store in the UK.
Nvidia's share price got crushed in Monday's trading as investors read into the implications of DeepSeek's new AI model. DeepSeek's R1 model was reportedly ...
Nvidia on Monday lost $500 billion of its market value after emergence of DeepSeek.
US stock market: Following concern over Chinese Air Intelligence (AI) start-up DeepSeek, NVIDIA share price witnessed sharp selling on Monday.
Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
Even if you don't pay much attention to the stock market, chances are you've heard about Nvidia and its share price today. Catch up on why it matters.
The success of China's DeepSeek led to Nvidia suffering the single-biggest one-day loss for a company in stock market history. The leading supplier of AI ...
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Nasdaq 100 contracts added 0.4 percent following a 3 percent retreat on Monday and S&P 500 futures also advanced.
Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.
The release of a less capital-intensive artificial intelligence model from China's DeepSeek sent a chill through the U.S. stock market Monday, initiating a ...
Apple is a "winner" as DeepSeek reshuffled American tech stock leadership, according to Morgan Stanley.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.
US tech stocks were steady on Tuesday after they slumped on Monday following the sudden rise of Chinese-made artificial intelligence (AI) app DeepSeek.
Speculators are betting on a quick recovery in Nvidia's stock after its massive selloff due to competition from China's DeepSeek AI model.
Nvidia stock price rally led a 2% rally on Nasdaq. The recovery in AI darling Nvidia shares came a day after the stock saw a sharp 17% drop, erasing about ...