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Nvidia shares wipe ₹51 lakh crore of investor wealth in 1 day amid DeepSeek selloff
short by Ashley Paul / on Tuesday, 28 January, 2025
Shares of Nvidia dipped over 24% and wiped off $593 billion (over ₹51 lakh crore) of investor wealth in one day amid a selloff triggered by Chinese startup DeepSeek's free AI assistant. Chipmaker Broadcom followed Nvidia, dipping 17.4%, while Google-parent Alphabet and Microsoft fell 4.2% and 2.1% respectively. This led to the tech-heavy Nasdaq falling 3.1%.
read more at Reuters