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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.
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  • 34% of the sources lean Left, 34% of the sources lean Right
34% Right
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Financial Post broke the news in Canada on Sunday, January 26, 2025.
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