Jessica Karl, Columnist

DeepSeek Bursts Nvidia’s Bubble

The AI chip Goliath just got hit by a $5.5 million sling shot.

January 27, 2025 at 10:59 PM UTC

By Jessica Karl

Jessica Karl is a Bloomberg Opinion columnist and author of the Bloomberg Opinion Today newsletter.

Deep rout.
Photographer: Yuki Iwamura/Bloomberg

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Seven months ago, Matt Levine said “people who got good at building computers that can pick stocks are pivoting to processing natural language.” The pivot is now complete, and Nvidia is $589 billion lighter today because of it: