Shares of Nvidia (NVDA -3.67%) suffered a sharp drop earlier this week. News that low-cost artificial intelligence (AI) model from DeepSeek, a Chinese AI start-up, could compete with the most advanced offerings from companies like OpenAI sent a shockwave through the tech sector.
Despite a side that has taken $500 billion from its market cap, the average Nvidia (NASDAQ: NVDA) analyst's price target, among 63 who cover it, is $174, about 45% above where the stock trades today.
2025 could be the year of artificial intelligence (AI) agents. Multiple companies are scrambling to deploy AI agent technology that can perform tasks for people, in addition to answering questions.
Nvidia (NVDA -3.67%) soared 171% last year and has established itself as a leader in one of today's highest-growth areas: artificial intelligence (AI). The tech giant not only dominates the AI chip market, but it's also built an empire of AI products and services that make it the go-to place for any company aiming to develop an AI platform.
The "Magnificent Seven" group of stocks dominated 2024, leading the tech sector to another banner year. As you can see from the chart below, virtually every Magnificent Seven stock beat the S&P 500 last year.
No one thought the path to artificial general intelligence (AGI) would be smooth for investors, but the emergence of DeepSeek has clearly thrown a plot twist into the AI narrative.
Ben Emons reviews Monday's market DeepSeek sell-off, saying competition wasn't priced into the U.S. tech companies. “You really have to start thinking about diversification this year,” he adds, pointing to Nvidia's near $600 billion market cap loss.
The share price of Nvidia (NASDAQ: NVDA) had a volatile week, losing key support levels amid a pivotal meeting between the chipmaker's CEO, Jensen Huang, and President Donald Trump at the White House.
Questions have been raised over the provenance of the semiconductors used to build DeepSeek's AI model, given U.S. export restrictions. U.S. officials are investigating whether DeepSeek bought advanced Nvidia chips via third parties in Singapore, according to reports.
DeepSeek, a Chinese artificial intelligence (AI) start-up, is sending shock waves through the U.S. tech sector by demonstrating its latest AI assistant, which achieves performance comparable to or even surpassing some of the world's best chatbots.
Nvidia confirmed that its CEO Jensen Huang met with U.S. President Donald Trump to discuss U.S. technology and AI leadership.
Nvidia CEO Jensen Huang is in Washington, D.C. to meet with President Trump on Friday afternoon, CNBC has confirmed.