Market Shock as Nvidia Hits Lowest Since October

In a dramatic turn of events, Nvidia Corporation's stock experienced a significant drop, reaching its lowest point since October 2024. This sharp decline was triggered by the revelation that DeepSeek, a Chinese company, has developed a competitive artificial intelligence assistant, raising concerns over a potential shift in technological dominance towards Beijing.

As the news broke, Nvidia's shares took a nosedive, falling by 13.26% to $123.6400 per share by 9:33 am ET. This development not only impacted Nvidia but also contributed to broader declines on Wall Street, highlighting the growing influence of AI advancements on market dynamics.