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NVIDIA posts record market-cap loss
DeepSeek sparks AI stock selloff; Nvidia loses record $593 bn in mcap
Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September
Nvidia, chip stocks slightly down as investors still cautious amid DeepSeek risks
The performance comes after a steep decline on Monday when tech stocks were hammered amid concerns that a low-cost Chinese artificial intelligence model could threaten the dominance of industry leaders like Nvidia. The sell-off wiped $593 billion off Nvidia’s market value—the largest single-day market-cap loss ever recorded for a US company.
DeepSeek sparks AI stock selloff; Nvidia posts record market-cap loss
By Sinéad Carew, Amanda Cooper, Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) -Global investors dumped tech stocks on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence model would threaten the dominance of AI leaders like Nvidia,
1d
High-Flyer, the AI quant fund behind China's DeepSeek
Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, ...
Hosted on MSN
2d
DeepSeek AI 'using banned Nvidia H100' chips and Elon Musk says it's 'obvious'
He told CNBC: "My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is ...
5h
on MSN
India lauds Chinese AI lab DeepSeek, plans to host its models on local servers
India's IT minister on Thursday praised DeepSeek's progress and said the country will host the Chinese AI lab's large ...
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