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Benzinga
204 days

Stock Of The Day: Nvidia Breaks Support After DeepSeek AI Disruption

1. NVIDIA shares dropped over 10% due to market concerns. 2. Chinese startup DeepSeek launched a competitive AI model. 3. DeepSeek claims development costs were under $6 million. 4. NVIDIA broke its support level near $130.00. 5. Past rebounds suggest potential volatility following support breaks.

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FAQ

Why Very Bearish?

The drop below support indicates weakness. Similar situations have led to further declines in the past.

How important is it?

The competitive threat from DeepSeek directly impacts NVIDIA's market position. Changes in investor sentiment can have rapid effects on stock value.

Why Short Term?

Immediate market reaction is likely due to current sentiment and news. Historical price actions show quick responses to competitive threats.

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