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That compares with the billions of dollars top U.S. tech companies have spent on Nvidia AI chips. As a result, Nvidia stock sank 17% in one trading session, losing nearly $600 billion in market value.
Nvidia plummeted today as investors, analysts, and tech leaders parsed new information about DeepSeek R1 -- a new open-source AI model from a Chinese start-up that released last week.
The tech giant is already gaining share in the cloud computing market thanks to AI. Microsoft's Azure cloud and other services revenue increased by 33% in the first quarter of fiscal 2025, with AI ...
Nvidia (NASDAQ: NVDA) and other AI stocks plunged on Monday, Jan. 27, as investors responded to the threat from DeepSeek, the Chinese AI chatbot that rivals top models like ChatGPT for a fraction ...
Nvidia flirted with record highs, gaining as much as 3% in pre-market trading before opening nearly flat around $150 a share. Here's where US indexes stood shortly after the 9:30 a.m. opening bell ...
The chip stock has come to dominate the market for data center GPUs (graphics processing units) in the AI boom, which has driven its stock price up roughly 10 times since the start of 2024.
It also repurchases a lot of stock -- $4.5 billion worth last year alone. Reducing the outstanding share count boosts its earnings per share , which are expected to increase between 5% and 8% in ...
Nvidia stock rose nearly 5% on Tuesday, following bullish notes from Wall Street analysts citing strong chip demand ahead of its earnings report set for Wednesday afternoon.In a client note this ...