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Nvidia loses record $600 billion market value in one day as DeepSeek AI shakes industry

The Chinese startup has shaken the AI industry
What just happened? Nvidia has once again broken the record for the largest one-day decline of market value in US history. After the release of the open-source R1 AI model by Chinese startup DeepSeek, which caused panic within the industry, Team Green's shares dropped 17%, resulting in its market cap falling by almost $600 billion.