When DeepSeek’s R1 debuted in early 2025, almost $600 billion was wiped out from Nvidia Corp.’s market value
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In a single day on fears that artificial intelligence would require less computing power than previously expected.
Key facts
When DeepSeek’s R1 debuted in early 2025, almost $600 billion was wiped out from Nvidia Corp
Summary
When DeepSeek’s R1 debuted in early 2025, almost $600 billion was wiped out from Nvidia Corp.’s market value in a single day on fears that artificial intelligence would require less computing power than previously expected.