Reported 1 day ago
Nvidia's stock rebounded nearly 9% on Tuesday following a significant drop of 17% the previous day, which led to a market cap loss of nearly $600 billion due to concerns regarding a new affordable AI model from the Chinese startup DeepSeek. Analysts expressed skepticism about DeepSeek's claimed low training costs, suggesting that the implications for AI industry spending may not be as dire as initially feared. Despite the disruption, Nvidia reassured investors regarding the potential for continued growth in the AI market.
Source: YAHOO