Nvidia's stock plummeted 17%, wiping out $589 billion in market value, due to concerns over Chinese AI startup DeepSeek's competitive, low-cost technology. The news spurred a broader tech selloff, highlighting fears that US firms may have over-invested in AI. Nvidia acknowledged DeepSeek's advancements and denied any violation of US export restrictions.
from Economic Times https://ift.tt/Rt8VJaE
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