Nvidia slumps 14% as DeepSeek's cheaper AI sparks tech sell off
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Nvidia's stock fell 14% as DeepSeek's new AI technology, which is cheaper and less data-intensive, triggered a sell-off in tech stocks globally.
January 27, 2025 | 11:15 am
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Nvidia's stock experienced a significant 14% decline due to the introduction of DeepSeek's AI technology, which is more cost-effective and data-efficient, leading to a broader sell-off in tech stocks.
Nvidia's stock is directly impacted by the introduction of DeepSeek's AI, which is positioned as a cheaper and more efficient alternative. This development has led to a significant sell-off in tech stocks, affecting Nvidia's market position and investor sentiment.
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