Nvidia (NASDAQ: NVDA) made stock market history on Monday, Jan. 27, but not the good kind. The chipmaker saw its share price decline 17%, due to concerns about an artificial intelligence (AI) model from Chinese start-up DeepSeek.

Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.

Nvidia’s AI leadership remains intact, despite DeepSeek concerns. Read why NVDA stock’s steep drop represents a great opportunity for long-term investors.

DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.

Massive artificial intelligence spending supercharged its growth, but with Nvidia due to report earnings on Feb. 26, Wall Street suggests the semiconductor stock may soon hit a ceiling. Analysts have assigned a consensus one-year price target on NVDA stock of $164 per share. That implies only a 15% gain over the next 12 months.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September

David Shaw's D.E. Shaw bought 5.9 million shares of Nvidia, increasing its position by 53%. Nvidia is now the largest holding. Meanwhile, D.E. Shaw sold 8.7 million shares of Palantir, reducing its stake by 45%.

Wall Street is trying to assess the long-term impact ... In a statement to CBS News, Nvidia offered praise for DeepSeek. "DeepSeek is an excellent AI advancement and a perfect example of test ...

Nvidia has been the greatest beneficiary of the AI boom, with its shares returning about 500% over the past two years, and profit exceeding $63 billion in the last four quarters. With the excitement a

Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September.