Nvidia faces $465 billion loss as DeepSeek disrupts AI market, largest in US market history

Nvidia Corp.’s sharp decline, sparked by concerns over Chinese AI startup DeepSeek, wiped out a historic amount of market value from the world’s largest company.

Shares of Nvidia plummeted as much as 13% shortly after the market opened on Monday, erasing roughly $465 billion in market capitalisation, according to a Bloomberg report. This marked the largest single-day loss for the company, surpassing its previous record of a 9% drop in September, which saw $279 billion vanish.