Chip designer NVIDIA Corporation’s shares shed more than $300 billion in value in premarket trading today as investors speculated about the implications of Chinese artificial intelligence startup DeepSeek being able to train models on par with their American counterparts at a lower budget. DeepSeek’s R1 model made a splash earlier this month to quickly become the most downloaded application on Apple’s AppStore over the weekend. NVIDIA’s shares were down by 11% in premarket trading as they joined peers from Japan and European chip equipment manufacturer ASML to report low single-digit percentage share price losses. TSMC’s Shares Up 1.34% in Taiwan […]
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