NVIDIA SHARES FALL SHARPLY, LOSING ABOUT $24 IN ONE SESSION

NVIDIA SHARES FALL SHARPLY, LOSING ABOUT $24 IN ONE SESSION
NVIDIA SHARES FALL SHARPLY, LOSING ABOUT $24 IN ONE SESSION

Nvidia's Stock Drop: Nvidia shares fell sharply on Monday, losing about $24 and reaching their lowest level since October 1, near $119.

Reason for the Drop: Investors are worried about U.S. dominance in artificial intelligence (AI).

Chinese Competition: A Chinese startup, DeepSec, launched an AI chatbot as good as OpenAI and Meta AI but at a lower cost.

Market Impact: This raised concerns about China's potential to surpass U.S. companies in AI, affecting Nvidia's market outlook.