📉💥 DeepSeek open source AI shocked the market, Nvidia's stock price plummeted by more than 20%, and Bitcoin was also affected by the volatility!
On Monday, because of the open source project of a Chinese AI startup DeepSeek, Nvidia's stock price plummeted by 20% in 24 hours, and the entire semiconductor industry was shaken. Taiwan Semiconductor (TSM) and Broadcom (AVGO), a San Jose semiconductor company in the United States, both fell by more than 14%. Bitcoin, the leader of the crypto market, also fell by more than 6% in a short period of time!
The cause of this incident was a Chinese open source artificial intelligence startup called DeepSeek. Their AI application has been downloaded more than ChatGPT in the Apple App Store, and the report said that its performance also exceeded GPT4o, so that Wall Street began to worry that the Internet may no longer need such high-performance chips.
At the same time, Nvidia's stock price fell sharply as soon as it opened on Monday morning, from $142 per share to a low of $118. It also affected Taiwan Semiconductor (TSM) to fall by 14% and San Jose semiconductor company Broadcom (AVGO) to fall by 17%. The entire semiconductor market is in a bloodbath!
DeepSeek, a Chinese artificial intelligence startup, has adopted an open source model and claims to provide the same service as ChatGPT at a lower cost. Open source is a software development model that allows for free modification and distribution of software without the need for a closed team.
Some experts say that if DeepSeek is as good as advertised, it may overturn the artificial intelligence narrative that has driven the market over the past two years. This may reduce the demand for chips, large-scale electricity production, and large data centers, and also mean that artificial intelligence is more accessible, which will help promote the development of various practical applications.
Last June, Nvidia surpassed Microsoft to become the world's largest company by market value. Now, as the DeepSeek open source AI project progresses, its performance may deal a heavy blow to Nvidia's market value.
Everyone is now paying attention to the impact of the DeepSeek open source project on the cryptocurrency market. High-performance chips are crucial for mining, and if the demand for chips decreases, mining costs may decrease. At the same time, advances in AI technology may also have an impact on the value of cryptocurrencies.
💬Finally, what impact do you think this will have on the cryptocurrency and AI markets? Leave your comments in the comments section!
