Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.
A company called DeepSeek said it had developed a large language model that can compete with U.S. AI giants but at a fraction of the cost.
DeepSeek has rattled the US stock market and Nvidia felt the maximum heat as S&P 500 tech sector witnessed a big drop.
Nvidia market cap has come down to below $3 trillion-mark after emergence of China's AI startup DeepSeek created an uproar.
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Shares of Nvidia took a dramatic hit on Monday, marking the company's worst day since the global market sell-off triggered
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he bought Home Depot.
With Monday’s losses, Apple has retaken the title of world’s most valuable company and Nvidia’s value sank to around $2.8 trillion.
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Cloud providers report a significant increase in demand for Nvidia H200 chips as DeepSeek's AI models gain traction.
The tech industry has had an insatiable appetite for Nvidia’s chips over the last two years. But the feast may be over sooner than many had expected. By Tripp Mickle Reporting from San Francisco ...
DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.