Nvidia Loses Nearly $600 Billion in Single Largest Market Drop Ever as DeepSeek AI Disrupts Industry
In a jaw-dropping turn of events, Nvidia (the world's 2nd most valuable company) took a massive and historic hit to it's market value, shedding nearly $600 billion in a single day—the largest one-day loss in U.S. history. What Happened? The culprit? A Chinese AI startup named DeepSeek, which has burst onto the scene with an AI model that's both cost-effective and efficient, sending shockwaves through the tech industry. DeepSeek's latest model, R1, rivals the performance of leading AI systems like OpenAI’s ChatGPT but was developed at a fraction of the cost—just $6 million compared to the over $100 million spent on GPT-4. Even more impressively, it was trained using significantly fewer resources, utilizing about 2,000 Nvidia H800 GPUs over 55 days. Why Did Nvidia’s Stock Crash? This breakthrough has investors rethinking the future of AI hardware investments. The fear is […]
