Nvidia stock plummeted 15.8% due to concerns about impact of new AI model

From Nasdaq MarketSite: 2025-02-02 14:24:41

Nvidia (NASDAQ: NVDA) stock experienced a significant drop of 15.8% in valuation this week, attributed to concerns about a new AI model from DeepSeek potentially impacting demand for Nvidia’s GPUs. The market reacted negatively to the news, resulting in a $600 billion pullback in Nvidia’s market capitalization, its biggest ever on a dollar basis. Geopolitical tensions and macroeconomic factors also contributed to the stock’s decline. Despite maintaining a strong position in the GPU market, Nvidia’s stock is expected to remain volatile in the near term leading up to its fourth-quarter results announcement on Feb. 26.



Read more at Nasdaq MarketSite: Why Nvidia Stock Plummeted This Week