Chinese AI Laboratory DeepSeek Snuff $600bn from Nvidia Capitalization as Stock Price Crashes by 17%
Nvidia experienced an unprecedented single-day market capitalization loss of nearly $600 billion, with its stock price dropping 17% to close at $118.58. This event, triggered by the emergence of Chinese AI laboratory DeepSeek’s new open-source large language model, has sent ripples through the tech sector and raised questions about the future of AI hardware demand. […]
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