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Nvidia Faces Trillion Dollar Loss Amidst Rising Chinese Competition in AI

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Nvidia has lost nearly a trillion US dollars in value after competition from China's DeepSeek, which launched an AI chatbot rivaling ChatGPT. Strict US export controls highlight concerns over AI supremacy.

Investors in computer chip company Nvidia have witnessed nearly a trillion US dollars wiped off its value in just one day, marking the worst-ever result for a single company in absolute terms.

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