The company that lifted the tech industry and drove A.I. spending for the last several years, suffering the biggest one day wipeout of wealth in U.S. Monday.
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00:00The one company that lifted the entire tech industry and drove A.I. spending for the last several years,
00:06suffering the biggest one-day wipeout of wealth in U.S. history Monday.
00:12NVIDIA, shedding nearly $600 billion in market cap after China-based A.I. company DeepSeek
00:19revealed their superior technology built at a fraction of the cost of its American competitors,
00:25such as Chad GPT.
00:27NVIDIA's one-day loss more than the entire value of Netflix, Home Depot, or ExxonMobil.
00:34The chip giant's stock opened up fractionally higher on Tuesday and is still up more than 90% over the last year.