The stock price of the chipmaker fell 17% to settle at $118.58. Since March 16, 2020, it was Nvidia’s worst day on the market.

 

 

The stock price of the chipmaker fell 17% to settle at $118.58. Since March 16, 2020, it was Nvidia’s worst day on the market. 

 

It was triggered by concerns over Chinese AI startup DeepSeek posing stronger competition in the global AI race. 

 

Additionally, it caused Wall Street’s Nasdaq to drop more than 600 points during Monday’s trading session.