Nvidia loses nearly $600 billion in value as Chinese AI firm jolts tech shares

Credit: IndiaTimes- Published on January 28, 2025
In a significant shake-up of the tech industry, Nvidia's shares dropped by nearly 17% after a new Chinese generative AI model by DeepSeek emerged as a formidable competitor. The AI model, developed at a fraction of the cost, challenges US dominance in the AI sector, causing widespread market reactions.

Video credit: euronews (in English)
Published 3 weeks ago -  01:12
Chinese startup DeepSeek rattles global markets as Nvidia shares plunge
The unveiling of Chinese AI startup DeepSeek's latest AI model, which outperforms its US rivals, caused a sharp decline in the value of US and Europe's tech stocks.

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