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DeepSeek Sparks Global Tech Selloff
Posted
January 27, 2025
Views
28,721
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January 27, 2025
28,721
596
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2.20%
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0:58Now PlayingNvidia Corp.’s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market value from the world’s largest company. #deepseek #china #nvidia #stocks #worldnews
Nvidia shares tumbled as much as 13% soon after the opening bell Monday, erasing about $465 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.
The drop rippled through the rest of the market due to how much weight Nvidia has in major indexes. Including Monday’s slump, Nvidia selloffs have caused eight of the top ten biggest one-day drops in the S&P 500 Index, based on market value, according to data compiled by Bloomberg. The S&P 500 fell as much as 2.3% early Monday and the Nasdaq 100 tumbled as much as 3.6% before paring the drop.
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