Nvidia Crashes 20%, Burns $500 Billion: The End of Its AI Monopoly?
Money.it
28 January 2025 - 18:10
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Nvidia Loses $500 Billion as Chinese Startup DeepSeek Disrupts AI Industry
DeepSeek, a rising Chinese AI powerhouse, has shaken Nvidia’s dominance, wiping $500 billion off its market cap in just one week. By slashing AI costs with an innovative approach, DeepSeek threatens Nvidia’s monopoly and raises doubts about the stability of the entire tech sector