Nvidia Stock Crashes 15% as China’s DeepSeek Challenges AI Industry

The stock market experienced a sharp jolt today as Nvidia shares plunged 15%, wiping out over $400 billion in market value. The crash followed groundbreaking news from China’s AI startup, DeepSeek, which unveiled advanced AI models developed without relying on Nvidia’s high-end chips. This disruptive innovation has raised concerns about the sustainability of AI spending and sparked a tech sell-off.

Key impacts include a 3.1% drop in the Nasdaq, losses in Microsoft, Alphabet, and Oracle stocks, and a global market ripple. Investors are rethinking AI’s trajectory—stay tuned for updates on the AI landscape and earnings from Microsoft and Meta this week!
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