The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish.
Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.
US-listed shares of tech giants Nvidia, TSMC, and others are gaining some lost ground after China's DeepSeek rattled stock markets.
US chip-maker Nvidia led a rout in tech stocks Monday after the emergence of a low-cost Chinese generative AI model that could threaten American dominance in the fast-growing industry.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.
US chip giant Nvidia and its CEO Jensen Huang are set for a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector with its advanced new artificial intelligence model.
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
Stock futures were near the flatline on Tuesday evening as investors turned toward the first Federal Reserve interest rate decision of 2025. Futures tied to the Dow Jones Industrial Average inched down 11 points, or 0.02%. Nasdaq 100 futures were 0.06% higher, while S&P 500 futures were flat.
This was influenced by the decline in stock prices of big tech companies related to AI. On that day, Nvidia's stock price fell by 16.97% compared to the previous transaction. Broadcom (-17.4%) and Microsoft (-2.14%) also declined.
The Dow Jones and S&P 500 held onto gains. Nvidia sank below a moving average while an auto retailer broke out.
US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a sell-off triggered by the sudden success of Chinese artificial intelligence firm DeepSeek. General Motors reported a $3-billion quarterly loss Tuesday due to costs from restructuring a Chinese venture,
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.