Nvidia records largest market cap loss in US history, as DeepSeek wipes out $600bn
Nvidia's share price fell some 17 percent on Monday, wiping $600 billion off of the GPU company's valuation. The world's most valuable corporation saw its share price plummet on the release of DeepSeek's latest model, which proved that it was possible to train efficient models using fewer GPUs.
Nvidia No Longer World's Most Valuable Company as $500 Billion Wiped Off Market Cap
In what marks the largest single-day drop in stock market history, Nvidia's valuation has been hit by China's answer to ChatGPT.
Nvidia loses $589 billion in market cap — broad stock plunge triggered by DeepSeek AI release
Nvidia stock prices plummet by 17% after the release of DeepSeek. Investors nervous that investing in more hardware is unnecessary to develop advanced AI.
Nvidia’s market cap drops by almost $600 billion amid DeepSeek R1 hype.
Media: As Chinese AI startup DeepSeek draws attention for open-source AI models that it says are cheaper than the competition while providing similar or better performance, AI chip king Nvidia’s stock price dropped today.
Just how sharp is Nvidia's selloff? No company has ever lost this much market cap in a day.
Monday's tech rout has brought no shortage of big numbers on Wall Street, and here's another to keep in mind: $441.9 billion. That's the amount of market capitalization that Nvidia has shed, based on intraday activity.
Nvidia’s $465 Billion DeepSeek Plunge Is Largest in Market History
Nvidia Corp.’s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.
Nvidia Shorts Made a Killing on the DeepSeek Drop. It May Not Last.
Nvidia’s massive plunge Monday led to big one-day gains for investors betting against the stock. But shorting Nvidia has still been a losing bet.
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