Nvidia’s $589 Billion DeepSeek Rout Is Largest in Market History
- DeepSeek’s AI chatbot fueled a selloff in Nvidia, tech stocks
- Nvidia is responsible for 8 of 10 largest market value drops
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Nvidia Corp.’s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.
Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.