The Chinese App That Erased $593 Billion From Nvidia

Business Onion · Part 2 - The Sputnik Moment · 2:36

On January 27th, 2025, a free app most people had never heard of wiped $593 billion off Nvidia in a single day — the largest one-day loss in stock-market history. The twist: the US chip ban meant to slow China is what forced DeepSeek to get so efficient — and then it gave the model away for free. Here's how a hedge-fund side project put a crack in the most expensive bet in business. The Frontier Wars, Part 2. Follow for the series. Some scenes are cinematic reconstructions of documented events. All quotes, dates, and figures are verified. #FrontierWars #DeepSeek #Nvidia #AI #China #business #tech #stocks