DeepSeek Launch Triggers Unprecedented Loss for Nvidia: What It Means for Tech
Global investors witnessed a massive selloff in tech stocks on Monday, resulting in an astonishing 593 billion in market value loss for Nvidia. This marked a record single-day loss for any firm on Wall Street. The selloff stems from concerns over DeepSeek’s new AI application, launched on January 10, which reportedly rivals highly advanced AI systems globally yet was developed at a fraction of the cost. The implications of this sudden market reaction raise questions about investor confidence in tech valuations. As investors reevaluate their positions, monitoring upcoming developments will be essential to understanding the future trajectory of this sector.
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