Nvidia CEO Huang Loses $20 Billion
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Nvidia Corp. (NASDAQ: NVDA) experienced a significant market cap loss of $590 billion due to the emergence of Chinese DeepSeek AI software, which has been recognized for its impressive capabilities.
January 28, 2025 | 2:00 pm
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Nvidia's market cap dropped by $590 billion as the new Chinese DeepSeek AI software gained recognition for its capabilities, impacting investor confidence.
The emergence of a competitive AI software from China, DeepSeek, has led to a significant loss in Nvidia's market cap, indicating a potential shift in market dynamics and investor sentiment.
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