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Nvidia shares shed nearly $600 billion in market value Monday, marking the largest single-day loss in market history.

A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are overblown.

Chinese startup DeepSeek has achieved what many (including experts) thought impossible: create a foundational, competitive AI model for just $5.6 million. By comparison, OpenAI’s unreleased GPT-5 (codenamed “Orion”) reportedly requires $500 million for six months of training.

This story incorporates reporting from The Motley Fool, scmp.com and MSN.The rise of Chinese AI startup DeepSeek has caused ripples across the technology sector by exposing potential weaknesses in Nvidia’s market dominance.