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

Shares of Nvidia took a dramatic hit on Monday, marking the company's worst day since the global market sell-off triggered

A company called DeepSeek said it had developed a large language model that can compete with U.S. AI giants but at a fraction of the cost.

DeepSeek has rattled the US stock market and Nvidia felt the maximum heat as S&P 500 tech sector witnessed a big drop.

Technology stocks were dragging down the major indexes ahead of a gauntlet of key earnings reports. It would be rising solidly if not for Nvidia, down 4.6%, Salesforce, down 2%, and Microsoft, down 0.

Retail investors bought a net $562 million of Nvidia stock on Monday, the largest single-day inflow in at least 10 years, VandaTrack said.

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.

Strong buying by retail investors during Monday's market slide indicates institutional investors drove the tech-sector selloff, JPMorgan says.

The buildings that Nvidia has agreed to buy from affiliates of Sobrato Organization have addresses of 2701, 2711, 2721 and 2731 San Tomas Expressway, the county public files show. An adjacent parking garage at 2741 San Tomas Expressway is also included in the purchase deal.

Kash Patel, Trump's controversial pick to lead the FBI, disclosed a net worth of more than $5.9 million.

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