#DeepSeekImpact The technology giants that span the globe are surprised by the advancement of DeepSeek's low-cost AI, while DeepSeek's profitable AI models challenge the technological dominance of the U.S. Nvidia faces a loss of $593 billion following the disruption of DeepSeek's AI. Last night's trading session on Wall Street left tech and artificial intelligence (AI) companies reeling, as investors struggled to make sense of the damage. The leading manufacturer of artificial intelligence chips, Nvidia, saw its market value plummet, while shares of tech giants like Microsoft, Alphabet, and Dell Technologies also faced steep declines. The tremors were not limited to Wall Street; AI stocks worldwide felt the impact, all thanks to a Chinese startup called DeepSeek and the rumors surrounding its AI models, DeepSeek-R1 and DeepSeek-V3.