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Deep Seek vs. Nvidia: Analyzing the Market Impact and Future of AI Stocks
The sudden rise and fall of AI stocks sparked intense discussions regarding the future competitiveness of tech giants like Nvidia. The focus of this turmoil can be traced back to January 20th when a Chinese company named Deep Seek announced their R1 large language model, purportedly a rival to ChatGPT. With a reported development cost of merely $6 million, the launch sent shockwaves through the stock market, causing Nvidia to experience an unprecedented drop, losing as much as 177% in value.