China's DeepSeek derails Nasdaq, Nvidia, AI darlings

1. DeepSeek app's emergence triggered significant sell-off in tech stocks, including Nvidia. 2. Nvidia's shares dropped nearly 17%, erasing market gains and dampening CEO's wealth. 3. DeepSeek competes with OpenAI's ChatGPT, raising concerns over future AI dominance. 4. Analysts suggest DeepSeek is not a game-changer for the AI industry. 5. AI race remains strong; Nvidia could benefit from accelerated inference training.