Did China's DeepSeek Really Just Upend Nvidia and the $1 Trillion Artificial Intelligence (AI) Market?

Artificial intelligence (AI) stocks have seemed unbreakable for nearly two years. In fact, "Magnificent Seven" giants like AI king Nvidia (NASDAQ: NVDA) have gotten so big that they collectively consumed over one-third of the broader S&P 500 (SNPINDEX: ^GSPC).However, on Monday morning, Nvidia and many other large AI stocks found themselves deeply in the red. The sell-off had nothing to do with an earnings blip despite the fact that several of the Magnificent Seven will report earnings this week. It had to do with a new AI chatbot developed in China called DeepSeek, which was supposedly developed in a far more cost-efficient manner than some of the dominant competitors on the market. The app climbed to No. 1 on Apple's U.S. app store seemingly overnight.Did a small Chinese start-up really just upend the entire soon-to-be $1 trillion AI market?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool