Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history
- The decline in Nvidia's shares was influenced by concerns over reduced demand for chips due to cheaper AI development costs.
- Former Intel CEO Pat Gelsinger stated that lowering AI costs could expand the market, asserting he remains an Nvidia stock buyer.
- DeepSeek's AI model, developed for only $6 million, runs on local devices, offering users more control compared to cloud-based models.
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Coverage Details
Total News Sources0
Leaning Left51Leaning Right51Center46Last UpdatedBias Distribution34% Left, 34% Right
Bias Distribution
- 34% of the sources lean Left, 34% of the sources lean Right
35% Right
L 35%
C 30%
R 35%
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