Yahoo Finance
January 27, 2025 at 09:31 PM
Nvidia stock dropped nearly 17% Monday, leading a sell-off across chip stocks and the broader market after a new AI model from China's DeepSeek raised questions about AI investment and the rise of more cost-efficient artificial intelligence agents.
Nvidia's decline shaved $589 billion off the AI chipmaker's market cap, the largest single-day loss in stock market history. https://finance.yahoo.com/news/nvidia-stock-plummets-loses-record-589-billion-as-deepseek-prompts-questions-over-ai-spending-135105824.html
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