Nvidia experienced a significant drop in its stock price, the worst since March 2020, due to concerns over the competitiveness of US tech companies raised by Chinese AI firm DeepSeek. Other major tech companies, including Micron, Arm Holdings, Advanced Micro Devices (AMD), and Broadcom, also saw their stocks decline. The crash affected the broader tech market, as well as power infrastructure companies and chip makers globally. DeepSeek's recent advancements in AI and its ability to develop models at a fraction of the cost typically required have raised broader concerns about US leadership in the field. While some have praised DeepSeek's breakthrough, some investors and analysts are worried about the impact on the valuation of major players in the AI sector, such as Nvidia.



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