What impact did DeepSeek’s AI model have on Nvidia’s valuation?

DeepSeek’s AI model caused Nvidia’s stock to plummet by 16.97% in a single day, wiping out $589 billion in market value. Investors grew concerned that DeepSeek’s cost-efficient AI development could disrupt Nvidia’s dominance in the AI chip market. However, Nvidia’s stock quickly rebounded as analysts remained optimistic about the long-term AI industry outlook. Read more at http://issueinside.blogspot.com/2025/01/deepseek-shockwaves-nvidias-stock.html

DeepSeek Shockwaves: Nvidia’s Stock Recovery & AI Market Shift