Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets

Nvidia Hit Hard as DeepSeek Shakes Tech Markets

Jan 29, 2025

Nvidia Corporation (NASDAQ: NVDA) saw its share price drop 16.86% in a single trading session, wiping out an astounding US$600 billion (NZ$1.05 trillion) in market value. This sharp decline followed revelations from Chinese artificial intelligence company DeepSeek, which disrupted the stock trajectory of major technology players. Albert Bifet, founding director of the University of Waikato's Artificial Intelligence Institute, noted the significant impact of DeepSeek's actions on global markets, highlighting important lessons for New Zealand businesses in the AI space.

 

 

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