Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.
Nvidia market cap has come down to below $3 trillion-mark after emergence of China's AI startup DeepSeek created an uproar.
Technology stocks were dragging down the major indexes ahead of a gauntlet of key earnings reports. It would be rising solidly if not for Nvidia, down 4.6%, Salesforce, down 2%, and Microsoft, down 0.
Shares of Nvidia took a dramatic hit on Monday, marking the company's worst day since the global market sell-off triggered
DeepSeek has rattled the US stock market and Nvidia felt the maximum heat as S&P 500 tech sector witnessed a big drop.
Technology stocks were dragging down the major indexes ahead of a gauntlet of key earnings reports. It would be rising solidly if not for Nvidia, down 4.9%, Salesforce, down 1.6%, and Microsoft, down 1.
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