Nvidia’s shares plummeted nearly 18%, erasing $600 billion in market value—the largest single-day loss in U.S. history. This downturn, part of a broader tech sell-off, pushed Apple back to the top as the world’s most valuable company. The decline was fueled by concerns over China’s AI advancements, particularly DeepSeek’s low-cost model, which claims to rival U.S. AI leaders.
While some remain skeptical of DeepSeek’s impact, its rise signals potential shifts in AI dominance. Nvidia’s drop also dragged down other tech stocks, highlighting growing market uncertainty as competition in AI intensifies.
