Topline
Navidia set a suspicious record of Wall Street on Monday, as the front of the US -led artificial intelligence revolution was frightened by the Chinese AI company Dippec, which in part of the reported price by its US colleagues Chat GPT rivals developed.
The Newodia stock was historically bad on Monday.
Key facts
Shares of NVIDIA fell to 17 %, with its worst daily rate decreasing since March 2020, when the stock crashed shortly at the beginning of the Covade 19 pandemic diseases.
Nvidia suffered a loss of $ 9589 billion in market capitalization on Monday, which is the largest one -day value out of any company so far. In historyOn September 3, 2024, more than doubling the market cap of 979 billion lost by anyone other than NVIDIA (Meta 3 February, the third largest daily loss of $ 251 billion in 2022).
The slide knocked NVIDIA from its position as the world’s most valuable company, which sent it priced from $ 3.5 trillion to $ 2.9 trillion, lower than Apple and Microsoft.
NVIDIA heads the US stock’s widespread losses, as the benchmark S & P 500 decreases 1.5 % and the tech -linked Nice deck decreases 3.1 %, and other major AI technology providers including fellow chips Designers ARM and Broadcom Plus Data Stores Oracle Tank at least 10 %.
In an afternoon statement, a NVIDIA spokesperson called the Defesk model an “excellent AI Advancement” which is “fully according to export control”, while still “significant number of” NVIDIA’s graphics processing units (GPUS) Needed
Why NVIDIA stocks fell
The release of a large language model of Dipoic, which gained confidence in the US dominance in Generato A, initially does not seem like a negative catalyst for Nvidia, considering that DiPsic’s model GPUS of NVIDIA Trained, like other advanced AI programs. But Chinese company Said It spent only $ 5.6 million on NVIDIA technology to develop its large language model, and although experts speculate that it is considered a very low, but it is still the core behind the rise of NVIDIA stock. Worries the dissertation. NVIDIA’s net profit increased from $ 4.8 billion in 2022 to 2024 estimated to $ 66.7 billion. 000 25,000 Facebook Parent Meta, Tesla and Chattagi -made company like Openi from American tech giants. If big US tech companies “can learn to design AI systems with cheap GPUs from Dippec … this cannot be a pleasant development for NVIDIA,” Customers remarked by Yardenai Research in a note. –
Wonderful reality
NVIDIA’s approximately $ 600 billion market cap loss is larger than 13 US companies on Monday than the individual market values of all, which is from the Titan Caps of Health Insurance Company United Health, Oil Vishal Exxon Mobil and retailer Costco. More
Forbes Valley
According to Forbes’ estimates, Nydia CEO Jensen Huang was declared poor for $ 21 billion on Monday, as its total value dropped from $ 124.4 billion to $ 103.1 billion. Huang is Nvidia’s largest individual shareholder with 3 % shares in the Silicon Valley firm.
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