Nvidia loses nearly $600 billion in value as Chinese AI firm jolts tech shares
Tuesday, 28 January 2025 ()
In a significant shake-up of the tech industry, Nvidia's shares dropped by nearly 17% after a new Chinese generative AI model by DeepSeek emerged as a formidable competitor. The AI model, developed at a fraction of the cost, challenges US dominance in the AI sector, causing widespread market reactions.
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