Nvidia is the gold standard and leading provider of the graphics processing units (GPUs) used to train and run AI systems. The company is believed to control as much as 98% of the data center GPU market, according to semiconductor analyst firm TechInsights. If AI models can be trained on lower-cost, inferior chips, Nvidia has a lot to lose.

AI stock leaders Nvidia, Broadcom and Astera Labs all crashed on DeepSeek fears Monday. A new AI model from Chinese company DeepSeek is undermining the AI boom's darling, Nvidia. Akero Therapeutics' stock surged following Phase 2b SYMMETRY study results.

The Nasdaq could face market-cap losses of nearly $1 trillion if premarket declines hold into the close of trading.

The launch of DeepSeek's cost-effective AI assistant in China, has sent shockwaves through global markets, leading to a record $593 billion loss for Nvidia and a 3.1 per cent drop in the Nasdaq. As investors recalibrate,