Nvidia Faces Significant Stock Drop

On a notable Monday, Nvidia Corporation experienced a dramatic decrease in its stock value, reaching its lowest point since October 2024. This downturn was primarily influenced by the announcement of a new artificial intelligence assistant developed by the Chinese company DeepSeek, which poses a competitive threat to Nvidia's market position.

Impact on Wall Street and Economic Rivalry

The revelation of DeepSeek's AI assistant not only affected Nvidia but also contributed to a broader decline on Wall Street. This event has sparked concerns regarding a potential shift in technological interest and investment towards China, the United States' largest economic competitor.

By 9:33 am ET, Nvidia's shares had plummeted by 13.26%, settling at 123.6400 each.