Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China's DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion.
While companies like DeepSeek may find success in certain market segments, they face an uphill battle against this massive ...
Despite the negative financial impact, Nvidia praised DeepSeek’s breakthrough. “DeepSeek is an excellent A.I. advancement and ...
DeepSeek has shaken up the AI world, raising questions about its capabilities, and security risks. But the future of AI still ...
Nvidia stock tumbled after DeepSeek's AI news surfaced in tech circles. Read more about the impact the DeepSeek developments ...
Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.
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DeepSeek: China’s cheap AI melts NVIDIA’s $600 billion, tanks $1 trillion from US techNVIDIA, the world's most valuable company until Monday, lost $600 billion of market value in a single day, the biggest in US ...
Yet if fast followers such as DeepSeek can eat away at that lead for a fraction of the cost, then those profits are at risk.
At least that's the take from Snowflake ( SNOW) CEO Sridhar Ramaswamy, whose data storage company provides technology used by ...
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