Nvidia records largest market cap loss in US history, as DeepSeek wipes out $600bn
Nvidia's share price fell some 17 percent on Monday, wiping $600 billion off of the GPU company's valuation. The world's most valuable corporation saw its share price plummet on the release of DeepSeek's latest model, which proved that it was possible to train efficient models using fewer GPUs.
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Nvidia's remarkable rise in the stock market stumbled after a reported breakthrough by DeepSeek, a Chinese competitor.
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