Nvidia (NVDA) stock collapsed at the open on Monday, down more than 11.1% at the time of writing, due to China releasing an artificial intelligence (AI) platform called DeepSeek that many experts say could dethrone US company’s lead in the AI realm.
Nvidia dove 13% lower on Monday morning as the market digested reports about DeepSeek.
used it as intraday support in September 2024, Nvidia shares haven't dropped into it since last August. This means that Monday's sell-off might be the real deal and that trades should expect further declines.
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