The biggest market loss in history happened, with Nvidia stock dropping 17%—and the entire internet thought this was hilarious.

US chip giant Nvidia and its CEO Jensen Huang are set for a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector with its advanced new artificial intelligence model.

Tuesday’s session followed a start to the week that marked Nvidia’s worst day in years, as a roughly 17% drop led to a loss of nearly $600 billion in market value.

Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.

Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.

President Donald Trump has threatened to introduce tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

Strong buying by retail investors during Monday's market slide indicates institutional investors drove the tech-sector selloff, JPMorgan says.

DeepSeek’s AI disrupts industry, causing Nvidia’s $600B plunge. AI investments surge: SoftBank backs Skild AI, ElevenLabs raises $250M, and Infinite Reality buys Obsess.

OpenAI struck an agreement with the U.S. National Laboratories and plans to support work on nuclear security and more

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