Market capitalization of NVIDIA decreased by nearly 600 billion dollars in one day amid the rise of DeepSeek
This decline in market value is the largest in the history of the market. Shares of other tech companies also fell due to the release of the Chinese chatbot by DeepSeek.
According to the developers, their chatbot is significantly cheaper to develop, yet it can compete with ChatGPT.
Analysts note that DeepSeek’s more efficient approach raises questions about the justification of billion-dollar investments in massive computational resources.
