MARKTWERT
de
Markets

DeepSeek shock hits tech stocks

A Chinese AI model wipes hundreds of billions off Nvidia in a day.

By the editors28 January 20253 min read

The unveiling of low-cost AI models by Chinese start-up DeepSeek triggered a tech sell-off on 27 January 2025.

Nvidia lost nearly $600bn in market value in a single session. Investors are questioning assumptions about future demand for computing power.