Nvidia shares sink as Chinese AI app spooks markets
US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence (AI) app spooked investors in the US and Europe. DeepSeek, a Chinese AI chatbot reportedly made at a fraction of the cost of its rivals, launched last week but has already become the most downloaded free app in the US.
Advisors can breathe a sigh of relief that their clients likely weathered the rough day in the markets without too much pain.
Nvidia shares plunged 17% on Monday, resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S ...
After a Chinese AI app suddenly overtook the competition from OpenAI at the weekend, the AI sector had a dark day on the ...
In what marks the largest single-day drop in stock market history, Nvidia's valuation has been hit by China's answer to ChatGPT.
The shocking $384bn loss suffered by Nvidia and the rise of DeepSeek: Explore the impact on financial markets and the AI ...
US-listed shares of tech giants Nvidia, TSMC, and others are gaining some lost ground after China's DeepSeek rattled stock ...
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Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company ...
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