Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.

Brian Colello at Morningstar maintained his target price of $130 per share on Nvidia stock following the DeepSeek news. "We doubt the leading cloud vendors and AI builders will pause their plans," he wrote in a note to clients. "We still think tech firms will continue to buy all the GPUs they can as part this AI gold rush."

Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"

While the demand is there, it's clear that's not the sole reason why Nvidia's RTX 50 series is impossible to find in stores. Many retailers received fairly low stock quantities, as Nvidia reportedly experienced manufacturing issues.

El presidente Donald Trump se reunirá con el director ejecutivo de Nvidia Corp., Jensen Huang, en la Casa Blanca este viernes, según fuentes familiarizadas con los planes, días después de que un nuevo modelo de inteligencia artificial de la empresa china DeepSeek generara preocupación entre los líderes de la industria tecnológica y provocara el desplome del mercado bursátil estadounidense.

The Nasdaq Composite fell 3.1% on Monday, while AI leader Nvidia tumbled 17%. But the reality was, and is, far more complicated. DeepSeek didn’t replicate OpenAI’s ability by spending a few million dollars.

On The Vergecast: AI chips, AI apps, the re-Pebble, and more.

Earlier in January, DeepSeek released its AI model, DeepSeek (R1), which competes with leading models like OpenAI's ChatGPT o1. What sets DeepSeek apart is its ability to develop high-performing AI models at a fraction of the cost.

Explore DLSS 4's groundbreaking features, benchmarks, and how it outshines FSR 3 and XeSS in gaming performance and efficiency.

Nachdem das chinesische Startup DeepSeek die KI-Branche aufgemischt hat, prüfen US-Behörden informierten Kreisen zufolge, ob das Unternehmen an US-Sanktionen vorbei Chiptechnik von Nvidia in Singapur gekauft hat.

Tech giants around the globe were rattled on Jan. 27 after Chinese AI start-up DeepSeek unveiled an impressive, low-cost artificial intelligence (AI) model, sparking widespread concerns about the scale of investment being poured into expensive hardware and data centers.