DeepSeek's shock to Nvidia and the US AI industry in January 2025
Overview · reviewed October 28, 2026
In January 2025 the Chinese artificial intelligence company DeepSeek said it had built a large language model that could compete with those of US AI giants at a fraction of the cost, and on January 27 US stocks fell sharply as the chipmaker Nvidia lost nearly $600 billion in market value.[1][2]US officials then investigated whether DeepSeek had obtained restricted Nvidia chips through third parties in Singapore.[3]
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US officials then investigated whether DeepSeek had obtained restricted Nvidia chips through third parties in Singapore.[3]
Coverage over time
Share of tracked outlets · weekly (UTC)
30%0%
Jan 20252026this week
LeftCenterRightLighter bar: this week so far
Each bar is the share of the outlets on our Left / Center / Right rating scale that we tracked publishing that week which carried reporting on this story, split by the outlets' ratings. We track more outlets now than in the archive, so a share keeps earlier and later weeks comparable. An outlet counts once a week however much it published, and outlets in one ownership or syndication group count as one on each side they appear on. A rating describes the outlet, not the report. A gap means no such reports were collected that week, not that nothing was reported anywhere. Weeks run Monday to Sunday in UTC, so a report published on a Sunday evening in US Eastern time counts in the next week. 9 more outlets off the scale (not rated, or outside the left-right graphs) also reported; they are not in this chart. See them.
Weekly counts, outlets and reports (2 weeks with coverage)
Outlets on the rating scale that carried this story each week, of the outlets tracked that week, newest first
Week of (UTC)
Left
Center
Right
Of tracked
Share
Receipts
Feb 24, 2025
2
3
0
5 of 197
3%
Jan 27, 2025
16
37
14
67 of 223
30%
Latest coverage
The newest reporting in this story's record.
Feb 23, 2025 · first reported · Headline from NBC New York
The news upended the frenzy around AI in US markets and hit the shares of major tech companies leading the race.[1][4] OpenAI's chief executive, Sam Altman, called DeepSeek's model "impressive" while shrugging off concerns about OpenAI's standing.[5] The broader rivalry is followed in the arc on the US-China AI race.
