Nvidia Calls China's DeepSeek an "Excellent AI Advancement": Should Investors Press the Buy Button?

One might think that artificial intelligence (AI) chip king Nvidia (NASDAQ: NVDA) might not be so pleased with the Chinese company DeepSeek, considering that news of DeepSeek's achievement in the AI space led to an intense single-day sell-off that erased roughly $600 billion of Nvidia's market cap on Jan. 27.However, Nvidia -- along with analysts and investors -- has taken a more constructive view, arguing that DeepSeek's ability to design an AI chatbot comparable to OpenAi's ChatGPT should be lauded, and that its may represent an opportunity for the entire AI market. With that in mind, should investors buy the dip on Nvidia?When DeepSeek surged into the public consciousness, the market initially responded by selling off Nvidia because the Chinese start-up claimed to have created a chatbot similar to ChatGPT at a fraction of the cost.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool