‘Overreaction’: Nvidia stocks plunge over Chinese AI threat

Wedbush Securities Managing Director Daniel Ives says Nvidia’s stock plunge over the new Chinese AI model was an “overreaction”.

A new artificial intelligence chatbot created by Chinese company DeepSeek has sent shockwaves through the US stock market.

Nvidia has had $1 trillion of market value erased as a result of DeepSeek’s threat.