US chip giant Nvidia and its CEO Jensen Huang are set for a record wipeout on Monday after Chinese startup DeepSeek upended the tech sector with its advanced new artificial intelligence model.

The great news is this success story may be far from over. Nvidia chief executive officer Jensen Huang, speaking at CES earlier this month, said AI is progressing at an "incredible pace." Considering this, where will Nvidia stock be in one year? Let's find out.

Nvidia called DeepSeek’s R1 model “an excellent AI advancement,” despite the Chinese startup’s emergence causing the chip maker’s stock price to plunge 17%.

Tech billionaires lost billions as Chinese AI developer DeepSeek challenges Silicon Valley's capital spending narrative, impacting global markets.

Nvidia CEO Jensen Huang Huang said he will be celebrating Lunar New Year with employees.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Nvidia chief executive officer Jensen Huang, speaking at CES earlier this month, said AI is progressing at an "incredible pace." Considering this, where will Nvidia stock be in one year?

Rivaling Huang’s drop Monday was a $29.4 billion loss for Oracle chairman Larry Ellison, as Oracle stock tanked 15% — Ellison fell from third-richest person on Earth to fifth, falling behind Meta CEO Mark Zuckerberg and LVMH luxury tycoon Bernard Arnault.

Nvidia CEO Jensen Huang arrived in Taiwan on January 14, 2025, for crucial meetings with TSMC and other key partners. His visit aims to address concerns over the US AI chip export ban, reported delays with the B200,

Nvidia CEO Jensen Huang's recent low-profile visit to China has reaffirmed the company's strategic focus on this crucial market amid tightening US restrictions on advanced semiconductor exports.

Nvidia, the linchpin of the AI boom, led the collapse, with shares plummeting nearly 17%. This marked a record single-day loss in market capitalization for a Wall Street stock.