Portfolio manager pours cold water on Nvidia's stock bounce back

CNBC

Summary

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The world's 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined $108 billion on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.
Gulf News
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On Monday, Nvidia's market value plunged by nearly $600 billion, or nearly 18%, marking the largest single-day market-cap loss in stock market history, according to news outlet AFP.
International Business Times
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Monday’s tech selloff comes ahead of this week’s fourth-quarter earnings reports from Meta, Microsoft, Tesla and Apple, whose executives are likely to be questioned closely on their multibillion AI spending plans.
Guardian
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Morgan Stanley analysts were surprised by the response to DeepSeek's launch, a development that underscores the intense competition from China's crucial AI sector.
Asianet Newsable

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