Nvidia’s shares are losing $ 589 billion in the most large value in history. What is Deepseek? – TradingView News

Ai Bellwether received a huge short of his assessment, undressed after a Chinese opponent said he had achieved more at less.

🏆 Nvidia throws $ 589 billion

• Nvidia Stock Nvda He showed that he could also make records on the reverse. He washed a huge 17% of his estimate on Monday, as investors run for the hills after the Chinese startup AI Deepseek launched AI model that took over Openai’s Chatgpt. And that did this for some of the costs without compromising the quality of the results.
• Jensen Huang’s Nvidia has thrown shocking $ 589 billion in market value, the biggest loss of one day in history, while Huang himself waved his goodbye to $ 20 billion from his net value.

👈 $ 6 million against $ 100 million

• Things went south, even before the market opened with futures contracts sliding on the news that Deepseek’s new Ai Model R1 was on the par with the most advanced Openai chatbot, GPT-4. Deepseek said he had only spent about $ 6 million in training his technology while Openai burned over $ 100 million.
• Once the impact realization, there was no way – the traders rushed to sell their shares to pennies with pennies, which led to the chaos of Wall Street.

😘 Deepseek uses nvidia to win nvidia

• Funny, Deepseek uses 2 048 NVIDIA H800 chips to train its R1 model and achieve its impressive results. At the same time, large technology companies pay for the most advanced H100 chips that work for about $ 30,000 a piece.
• So what is Deepseek? The Chinese startup AI was created by a leading Chinese hedge fund founded by Lian Venfen, which is a qualified quantitative merchant (and apparently technological luminary).