NvidiaNVDA-16.04%stock plummeted on Monday as news that a...

Nvidia

NVDA

-16.04%

stock plummeted on Monday as news that a Chinese company had built an artificial-intelligence model that was competitive with Western rivals for a fraction of the cost provoked a panic in the chips sector.

Shares of Nvidia plunged 17% to $118.26 on Monday, putting the stock on track to shed more than $400 billion in market value, the largest one-day loss of any public company on record.

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DeepSeek said it spent just $5.6 million training the base model behind its AI. Even though that headline figure excludes research-and-development expenses, it is in striking contrast to the hundreds of millions U.S. companies have spent developing AI models of their own, a figure that is expected to increased to billions with the next generation of the technology.

Marc Andreessen, the Silicon Valley venture capitalist who has been advising President Trump, praised DeepSeek’s R1 AI model and called it a “Sputnik moment” in a post on social-media site X. That refers to the Soviet Union’s 1957 launch of the first artificial satellite, named Sputnik, which shook the U.S.’s view of its technological dominance over its geopolitical rival.

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"Sputnik moment" ... very clever, articulate and so simple to understand for anyone over 60 I assume.

For you others ... https://en.wikipedia.org/wiki/Sputnik_1

In the case of 4DS and their chip ... time is money ... hmmmmmmm