Bank of America Securities analyst Vivek Arya reiterated a Buy rating on Nvidia (NVDA – Research Report) yesterday and set a price target of

Despite market jitters, Bank of America remains optimistic, stating that concerns over DeepSeek’s impact on the semiconductor industry are overstated, maintaining a bullish outlook on key players like Nvidia (NASDAQ: NVDA).

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.

Nvidia ( NVDA) stock tanked on Monday, falling more than 17% and losing nearly $600 billion off its market cap as investors digested the growing popularity of a new cost-effective artificial intelligence model from the Chinese startup DeepSeek.

Then there is the hype question. Since Chat GPT set off the AI gold rush in late 2022, Nvidia has been the ultimate “picks and shovel” play. But like investment in the early days of the internet, the AI boom has so far been based more on the belief that it will change everything than hard evidence that it can generate returns.

DeepSeek has complicated the dominant narrative that's propped up the market for the last 2 years, challenging lofty valuations and heavy AI spending.

Nvidia faces new threats as China's DeepSeek challenges AI chip dominance, shaking markets. Can Nvidia maintain its competitive edge?

Shares of chipmaker Nvidia (NVDA) plummeted 17% on Monday and lost nearly $600 billion in market value. The decline was triggered by the

Thus, this chart could provide a stark warning that stock prices are being driven more by investor optimism than the underlying value of these stocks, exactly the kind of market condition that Buffett has said makes him keep his "elephant gun" of cash at the ready.

Wall Street shrugged off the chaos. Traders who had been panicking just days ago—thanks to the tech meltdown triggered by DeepSeek’s overhyped claims—woke up on Friday with some relief.

LONDON (Reuters) - In a week when AI chipmaker Nvidia suffered the biggest one-day loss of value on record and the Federal Reserve said it was in no hurry to cut rates again, a few gauges underscore markets' vulnerability to big swings.