Shares of Nvidia ended Thursday up 1% to about $125, but shares spent most of the day in red and briefly dipped below a key technical measure. That could mean more downside ahead.

Shares of Nvidia ( NVDA -5.29%) were sinking Wednesday. The company's stock fell 6.2% as of 2:20 p.m. ET, but lost as much as 6.9% earlier in the day. The move comes as the S&P 500 ( ^GSPC -0.39%) and Nasdaq Composite ( ^IXIC -0.54%) lost 0.8% and 1.1%, respectively.

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

Nvidia stock was plummeting early Monday. News that a Chinese company has built an artificial-intelligence model competitive with Western rivals for a fraction of the cost was provoking a panic in the chips sector.

Nvidia (NVDA) has dominated the tech scene in recent years, riding high on the artificial intelligence (AI) boom. With its powerful GPUs driving advancements in gaming, data centers, and autonomous tech,

As DeepSeek wipes $600bn from Nvidia’s market cap, Andrew Mackie assesses the future of the stock and the wider AI industry. The post Nvidia stock: all that glitters is not always gold appeared first on The Motley Fool UK.

Nvidia stock declined on Wednesday, even as strong earnings from ASML Holding lifted shares of other chip makers. Shares of Nvidia made a strong 9% comeback Tuesday after a 17% drop on Monday. However,