DeepSeek's blow was heavy for Nvidia, lost billions dollars for the first time in a day
DeepSeek: China's AI developer DeepSeek has caused a big earthquake in the global stock market. Due to this, the 500 richest people in the world suffered a total loss of $ 108 billion on Monday. This also includes the name of Nvidia's co-founder Jensen Huang. Let's know how big a loss they have suffered.
DeepSeek, an AI developer of China has caused a big earthquake in the global stock market. That leads to the 500 richest people across the world suffering a total loss of $ 108 billion on Monday. This also includes the name of Nvidia's co-founder Jensen Huang.
China's low-cost AI model has increased the concern of investors. Due to this concern, investors around the world sold shares of tech companies heavily on Monday. Due to this, the Nasdaq, an index based on tech stocks, fell 3.1%. Chip maker Nvidia suffered the biggest loss. The company's shares fell by 17% and the company's market cap fell by $593 billion in a single day.
Muskan Kumawat
Muskan Kumawat is a Journalist & Content Writer at Sangri Times English, covering a wide range of topics, including news, entertainment, and trending stories. With a strong passion for storytelling and in-depth reporting, she delivers engaging and informative content to readers.
