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Barchart
Barchart
Sristi Suman Jayaswal

Dear Nvidia Stock Fans, Mark Your Calendars for February 26

Nvidia NVDA Blackwell Citi DeepSeek

 Nvidia’s (NVDA) hold over the artificial intelligence (AI) chip market has been stellar, and its GPUs fueled a revolution that sent the stock soaring 179% in 2024, making it the best performing in the Dow Jones Industrials Average ($DOWI). Record-breaking revenue, a seat at the table of America’s most elite stocks, and the dawn of its Blackwell architecture made 2024 a year to remember.

But dominance does not mean immunity. Nvidia shed nearly $600 billion in market value in a single day after Chinese startup DeepSeek revealed it trained an AI model at a significantly reduced cost, raising questions about whether Nvidia’s biggest customers have been overspending and if they will start cutting back.

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