Nvidia (NVDA) Falls 12% as DeepSeek Has Wall Street Panicking
In one of the biggest surprises of the stock market year already, Nvidia (NVDA) has plummeted more than 12% in the last 24 hours as Chinese AI startup DeepSeek has all of Wall Street panicking. Indeed, the AI chipmaker has stumbled alongside some of the biggest names in the tech sector. There is a widespread fear that DeepSeek could challenge the United States’ dominance within the emerging industry. The capabilities of the new free, open-source, large language model have made waves since its December launch. Now, the tech sector is feeling the pressure through the stock market. JUST IN: Nvidia $NVDA shares fall 13%, erasing $500 billion in market value. — Watcher.Guru (@WatcherGuru) January 27, 2025 Also Read: DeepSeek’s Rise: How China’s $236B Influx Could Crush NVIDIA (NVDA) AI Stocks DeepSeek Makes Waves: AI Startup Drives Nvidia, Microsoft, META, and More Down Less than five days ago, Nvidia officially surpassed Apple (AAPL) to become the largest company in the world by marke...