NVIDIA Shares Plunged by 12% Overnight as Company Loses Around $400 Million in a Day

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⚡️Shares of NVIDIA plunged by 12% overnight

The company lost about $400 billion in a day — this is the largest drop in its history;
It’s all because of the sensational Chinese neural network DeepSeek, which surpasses ChatGPT by far;
It turned out that the Chinese AI is not only smarter, faster, and simpler than Western competitors but, most importantly, hundreds of times cheaper;
While OpenAI, Meta, and Google are pouring billions of dollars into training their neural networks and purchasing massive amounts of powerful chips, the Chinese spent just ❗️ $6 million on DeepSeek;
It became clear that many powerful chips for training neural networks are simply not needed, and demand for them may drop;
This hit NVIDIA — after all, the company was actively profiting from the AI boom, selling hundreds of thousands of graphics cards;
Now, there’s real panic in Silicon Valley — investors are withdrawing from AI projects and dumping stocks of graphics card manufacturers, and NVIDIA itself is facing grim prospects.

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