Get Clarity, Not Just Headlines.
Published loading...Updated

Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history

  • DeepSeek's AI assistant development cost only $6 million, raising concerns about the demand for Nvidia's chips as AI models may be developed more cost-effectively.
  • Former Intel CEO Pat Gelsinger stated that the market reaction is incorrect and believes lowering AI costs will expand the market.
  • Kayla Blomquist noted that there is a potential shift in monetization strategies for U.S. AI firms due to the emergence of less resource-intensive model development.
Insights by Ground AI
Does this summary seem wrong?

496 Articles

All
Left
53
Center
48
Right
52
Lean Left

After Monday's turmoil triggered by the success of Chinese startup DeepSeek, events on Western stock exchanges have calmed down, but the echoes of how Nvidia's market value was wiped off a record 589 billion in a single day are still echoing.

Read Full Article
Lean Right

Despite the record drop in Nvidia shares, the investment complex surrounding artificial intelligence will not lose importance in the coming years, predicts David Wehner. In an interview with ntv.de, the fund manager explains how investors can deal with such severe setbacks.

Read Full Article

A new AI model makes stock prices of large IT companies fluctuate. Is this a permanent resetter – or just a good opportunity to buy?

·Frankfurt, Germany
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 35% of the sources lean Left
35% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Financial Post broke the news in Canada on Sunday, January 26, 2025.
Sources are mostly out of (0)