NVIDIA (Nvda) The shares dropped almost 17% on Monday, carrying out a sale through flea stocks and the wider market after a new model of AI of in -depth questions from China on IA investment and the rise of more profitable artificial intelligence agents.
The decline of Nvidia shaved $ 589 billion on the market capitalization of the manufacturer of fleas in AI, the largest loss of one day in terms of stock market history.
Chinese startup Deepseek published a new model of AI January 20 As a threat to Openai. American venture capital Marc Andreessen called the model “One of the most incredible and impressive breakthroughs I have ever seen. “”
The news came only a month after Deepseek said one of its last AI models only cost $ 5.6 million to train. OPENAI GPT-4 model Cost more than $ 100 million Train.
The announcements have stimulated the fears that AI models can start requiring fewer fleas and energy than they currently use. NVIDIA has become the largest company in the world on the back of explosive demand for its high -end chips which help to train and use AI models.
“If Deepseek innovations are largely adopted, an argument may be advanced that model training costs could drop considerably even to American hyperscalers, which could raise questions about the need for XPU / GPU clusters of 1 million As expected by some, ”wrote Srini Pajuri of Raymond James Semiconductor in a note to investors on Sunday evening.
The chip actions also dropped at all levels on Monday, with Broadcom (Avo) down more than 17%, Micron (Mu) on almost 12% and micro advanced devices (Dmla) down more than 6%.
However, Pajjuri continued: “a more logical involvement is that Deepseek will lead the American hyperscalers even more emergency to take advantage of their key advantage (access to GPUs) to distance themselves from cheaper alternatives.”
Bernstein analyst Stacy Rasgon also questioned the training cost of $ 5.6 million for the Deepseek model, which “does not include all other costs associated with previous research and experiences on architectures, algorithms or data ”.
Rasgon thinks that Deepseek’s announcement was “not really worthy of hysteria that took over the Twitterverse in the past few days”.
Nvidia herself did not seem too worried about the in-depth buzz, calling R1 “an excellent advancement of the AI” in a press release.
Tightened American export restrictions Announced in the last days of former president Joe Biden in office could also add a threat to Deepseek’s ability to continue to train new models.
The new rules limit China’s ability to buy NVIDIA IA fleas via resellers and access chips in remote data centers. And China is limited to the import of the most advanced Tamias manufacturing machines necessary to make semiconductors of artificial intelligence from the Dutch company ASML (ASML).