Nvidia falls 10% in premarket trading as China's DeepSeek triggers global tech sell-off
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Nvidia's stock fell 10% in premarket trading due to concerns over competitiveness in AI, triggered by Chinese startup DeepSeek's launch of a free, open-source large-language model. This has led to a global tech sell-off.
January 27, 2025 | 10:30 am
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Nvidia's stock is down 10% in premarket trading due to fears of increased competition in AI from China's DeepSeek, which launched a new AI model.
Nvidia is directly impacted by the news as it is a leading player in AI technology. The launch of a competitive AI model by DeepSeek raises concerns about Nvidia's market position, leading to a significant drop in its stock price.
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