Nvidia Suffers the Largest Market Loss in History: The Impact of DeepSeek on Wall Street
(By Taylor, from Silicon Beach, Florida, with the collaboration of Maurizio) In a stunning turn of events, Nvidia's stock plummeted 15% on Monday, marking its worst day since the COVID-19 crisis in March 2020. This downturn is due to the launch of an AI model by Chinese startup DeepSeek, which has shaken confidence in the US dominance in generative AI.
(By Taylor, from Silicon Beach, Florida, with the collaboration of Maurizio) In a stunning turn of events, Nvidia's stock plummeted 15% on Monday, marking its worst day since the COVID-19 crisis in March 2020. This downturn is due to the launch of an AI model by Chinese startup DeepSeek, which has shaken confidence in the US dominance in generative AI.