Why Nvidia Stock Is Plummeting Today
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Nvidia's stock fell 6.2% on Wednesday, reflecting broader market declines. The drop follows concerns over competition from a new Chinese AI app, DeepSeek, which was developed at a lower cost and without Nvidia's chips. This has raised fears of reduced demand for Nvidia's products. Additionally, investors are awaiting earnings reports from key partners like Meta and Microsoft, which could impact Nvidia's outlook amid growing competition in the AI sector.
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