Semiconductor giant Nvidia finds itself in the headwinds of DeepSeek’s recent achievement. The chip giant saw its stock plummet 16.9% from the close of Friday’s public markets to the close of public markets on Monday, according to Yahoo Finance data.
#AI #DeepSeek #NVIDIA #TechCrunch #News

Source: TechCrunch

https://techcrunch.com/2025/01/27/nvidia-drops-600bn-off-its-market-cap-amid-the-rise-of-deepseek/
Semiconductor giant Nvidia finds itself in the headwinds of DeepSeek’s recent achievement. The chip giant saw its stock plummet 16.9% from the close of Friday’s public markets to the close of public markets on Monday, according to Yahoo Finance data. #AI #DeepSeek #NVIDIA #TechCrunch #News Source: TechCrunch https://techcrunch.com/2025/01/27/nvidia-drops-600bn-off-its-market-cap-amid-the-rise-of-deepseek/
Nvidia drops $600B off its market cap amid the rise of DeepSeek | TechCrunch
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DeepSeek's R1 model shows that AI companies don't need advanced AI chips to build good models, that's not good for companies like Nvidia.
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