Nvidia Shares Plunge on AI Concerns

This is a U.S. news story, published by CNBC, that relates primarily to Tom Lee news.

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CNBC Daily Open: Nvidia plunges as DeepSeek triggers questions on its value

Summary

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79% Informative

Nvidia shares plunged nearly 17% on Monday , its worst day since March 2020 .

The chipmaker lost close to $600 billion in market cap, the biggest drop for any company on a single day in U.S. history.

Nvidia 's slump is "an overreaction" at a scale close to 2020 pandemic-sparked sell-off, says Tom Lee .

On the contrary, it suggests that AI is more accessible and affordable than thought — if DeepSeek's claims about its low costs are proven true, investors have to get used to a different way of playing AI . — CNBC 's Lisa Kailai Han , Fred Imbert , Pia Singh , Jesse Pound , Michelle Fox , Nicholas Wells , Adrian van Hauwermeiren , Scott Schnipper contributed to this report..