3 Artificial Intelligence (AI) Stocks I'm Buying on the Dip
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Nvidia shares plummeted 17% after Chinese AI company DeepSeek unveiled a chatbot rivaling OpenAI's capabilities, causing a massive sell-off and erasing nearly $600 billion in market value.
January 29, 2025 | 11:15 am
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Nvidia's stock experienced a historic 17% drop, losing nearly $600 billion in market value, after DeepSeek's AI chatbot announcement.
The announcement of DeepSeek's AI chatbot, which reportedly matches OpenAI's capabilities with less computational power, led to a massive sell-off in Nvidia shares. This indicates a significant market reaction to potential competition in the AI space, directly impacting Nvidia's stock price.
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