In what marks the largest single-day drop in stock market history, Nvidia's valuation has been hit by China's answer to ChatGPT.

Nvidia lost more market value Monday than the total valuations of American stalwarts UnitedHealth, Costco and Bank of America.

That reflects a tug-of-war between two types of investors; those who believe Jensen Huang, Nvidia’s leather-jacketed rockstar boss, is a seer and can sustain his firm’s monopoly-like profits indefinitely;

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

Nvidia faces new threats as China's DeepSeek challenges AI chip dominance, shaking markets. Can Nvidia maintain its competitive edge?

US chipmaker Nvidia has suffered the largest stock market slump in history after the emergence of an advanced Chinese artificial intelligence (AI) model raised doubts about its technology.

Nvidia, led by boss Jensen Huang (pictured), lost almost $600bn in value, after China claimed its new Deepseek AI chatbot was far more efficient than rivals

Portfolio manager Dan Niles warns that Nvidia’s shares could have further to fall after it posted the biggest one-day loss of market-cap in U.S. history.

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.

Selling in Nvidia was like a whirlwind, pushing the stock to lose up to $600 billion market. The reason for the frenzy was one Chinese app called DeepSeek!

The emergence of DeepSeek's free assistant has placed big doubts over the US market's AI-driven rally of the past two years.