China’s DeepSeek says it trained an AI model for less than $6 million. This is as big U.S. tech companies have poured billions of dollars into AI chips and systems for their projects.

His recent purchase comes after selling some shares at $144.56 after Nvidia’s Consumer Electronics Show event. He said the selling was “to lock in a slice of tremendous gains.” Analysts mixed on Nvidia after DeepSeek release Several analysts updated their views on Nvidia shares after the DeepSeek breakout.

Sky News Business Editor Ross Greenwood has discussed Nvidia facing the “biggest single-day loss in shareholder value in history”.