Market Panic Over DeepSeek? Why Nvidia's $500 Billion Drop Is Pure Hysteria.
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The market reacted with panic to news of Chinese start-up DeepSeek developing an AI chatbot that rivals those from industry leaders at a lower cost, causing a significant drop in technology stocks, including Nvidia.
January 28, 2025 | 12:00 pm
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Nvidia's stock experienced a significant drop due to market panic over DeepSeek's AI chatbot, which is seen as a potential competitor to Nvidia's AI offerings.
The news of DeepSeek's AI chatbot, which reportedly rivals existing models at a lower cost, has led to concerns about increased competition in the AI space. Nvidia, being a major player in AI technology, is directly impacted by this development, leading to a significant drop in its stock price as investors react to potential threats to its market position.
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