US stock market: Following concern over Chinese Air Intelligence (AI) start-up DeepSeek, NVIDIA share price witnessed sharp selling on Monday. NVIDIA stock price opened lower at $124.80 apiece on the NASDAQ and touched an intraday low of $116.70 per share.
NVIDIA market cap loses over $600 billion
NVIDIA’s market cap was about $465 billion during the Opening Bell, as NVIDIA shares slipped around 13 per cent during early morning deals on Monday. However, the DeepSeep AI fear in the US stock market continued to enable bears to outperform bulls, and NVIDIA stock finally ended around 17 per cent lower, losing over $600 billion in market cap during Monday deals.
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