Nvidia Corp.'s shares fell as much as 13%, erasing approximately $465 billion in market capitalization, the largest single-day drop in stock history. This decline was driven by concerns regarding the Chinese startup DeepSeek, which poses a competitive threat to established AI models with its lower-cost offerings. The significant drop also triggered a broader selloff in technology stocks and impacted major indices like the S&P 500 and Nasdaq. Analysts warn that DeepSeek's emergence could disrupt business models reliant on advanced computing power, leading to a more cautious investment landscape in AI technologies.
Nvidia's 13% drop, sparked by concern over DeepSeek, erased $465 billion in value, marking the largest one-day decline in US stock-market history.
DeepSeek's competitive AI offerings have raised alarms about US companies' investments in AI, possibly disrupting established business models dependent on high-end chips.
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