Shares of Nvidia ( NVDA -5.29%) were sinking Wednesday. The company's stock fell 6.2% as of 2:20 p.m. ET, but lost as much as 6.9% earlier in the day. The move comes as the S&P 500 ( ^GSPC -0.39%) and Nasdaq Composite ( ^IXIC -0.54%) lost 0.8% and 1.1%, respectively.

Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"

Nvidia stock is losing ground today amid multiple bearish catalysts related to the DeepSeek R1 artificial intelligence ( AI) model that was released last week. For starters, investors are weighing the possibility that DeepSeek's new AI signals a significantly weaker demand outlook for Nvidia's advanced AI processors than previously expected.

Timothy Arcuri, an analyst at UBS, said: “The sheer magnitude of the moves in stocks like Nvidia, Broadcom and Marvell [on Monday] strike us as overdone and may generally look like a buying opportunity in hindsight once the dust settles.”

Nvidia's stock underperforms due to a $6M open-source threat. Learn why NVDA stock faces risks from high valuation and rising competition in AI technology.

US chipmaker Nvidia has suffered the largest stock market slump in history after the emergence of an advanced Chinese artificial intelligence (AI) model raised doubts about its technology...

U.S. stocks recovered some ground Tuesday morning after getting hammered by fears over China's DeepSeek AI model built on a shoestring budget.

The tech giants are keeping capital spending plans in line as DeepSeek raises questions about future computing needs.

Leo discusses a wide range of topics today from Nvidia Big Format Game Displays, Intel and potential massive payouts, Bitcoin, Facebook and their news feed, Apple HQ2 and Samsung 850 Pro and EVO SSD's.

The tech-heavy Nasdaq Composite index slid 3.5 per cent shortly after the opening bell, while the broader S&P 500 fell about 2 per cent. Nvidia, which surged last year on bets that Big Tech companies would require vast numbers of advanced chips to power their AI models, sold off by 13 per cent.

Tesla’s fourth-quarter adjusted earnings miss analysts’ estimates but the stock rises on optimism over the electric-vehicle maker’s growth projections, Microsoft’s Azure growth misses estimates, and Meta’s fourth-quarter profit handily tops forecasts.