The biggest market loss in history happened, with Nvidia stock dropping 17%—and the entire internet thought this was hilarious.
Microsoft alone is projecting $80 billion of infrastructure spend for data centers in 2025; meanwhile, OpenAI, Oracle, and SoftBank are leading the newly announced Stargate initiative under President Trump -- a project aiming to invest $500 billion into AI frameworks over the coming years.
The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.
Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"
Meta Platforms CEO Mark Zuckerberg revealed plans to build a massive artificial intelligence data center, but Nvidia dipped slightly. Read more here.
Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.
Nvidia was down nine percent in pre-market trading, with Meta and Microsoft, which has also made a big bet on AI in recent years, both seeing their shares fall by four percent. Dutch semiconductor equipment manufacturer ASML was also impacted by the slump, down 9.7 percent, while Schneider Electric similarly saw its shares slide by 8.7 percent.
Nvidia's stock price crashed to $118.58 yesterday, wiping $593 billion off its value and marking the company's worst day on the market since the start of
DeepSeek has shook the tech world with its cost-effective open-source models. The AI startup has received praises from all corners of the world including from its competitor OpenAI.
Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek’s new chatbot is now