Nvidia Sees Market Value Plummet by Over $589 Billion After Rise of China’s DeepSeek

US tech giant Nvidia saw its stock plummet nearly 17% on Monday, leading a sell-off across AI-related stocks after the Chinese AI chatbot DeepSeek gained sudden prominence. Nvidia’s market value dropped by $589 billion in a single day, marking the largest one-day loss in stock market history.   DeepSeek, a Chinese-developed AI model, launched its…

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