Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history

1. Nvidia's market cap dropped nearly $600 billion, a record single-day loss. 2. DeepSeek's free AI model poses competition, raising concerns about GPU demand. 3. Analysts predict continued AI growth despite market volatility and spending fears. 4. Nvidia's stock has risen 239% in 2023 but faced a significant pullback. 5. Competitors like Broadcom and Oracle experienced major drops alongside Nvidia.