On January 27, 2025, Nvidia experienced its largest single-day market value drop of 17%, wiping out approximately $600 billion, setting a record for the largest single-day market value loss by a single company in U.S. stock market history. The trigger for this plunge was the release of a low-cost, open-source large model, DeepSeek-R1, by the Chinese company DeepSeek. In 2023, Nvidia's stock soared by 239%, followed by another 171% increase in 2024. The rocket-like rise in its stock price had already caused some investors to question whether its valuation had reached a peak. Satya Nadella, CEO of Microsoft, a major supporter of OpenAI, recently expressed concerns in an interview: "If current AI companies cannot deliver real GDP growth and if there is no genuine demand to support the products they develop, they will eventually collapse and disappear." Is the current AI market frenzy and soaring stock prices based on the company's real fundamentals, or is it driven by irrational exuberance? This epic single-day drop evokes memories of the dot-com bubble 25 years ago. Back then, when the Nasdaq index reached a historic high of 5,048 points in March 2000, Wall Street similarly failed to foresee that the internet revolution, symbolized by ".com," would evaporate $6.5 trillion in market value within two years, causing Amazon's stock price to plummet by 90% and Sina's by more than 98%. Today, DeepSeek, as a representative of Chinese enterprises, not only intensifies global technological competition with its potential in technological breakthroughs and cost control but also prompts a deeper reflection on the valuation bubble in the AI industry.
2025年1月27日，英伟达市值单日最大跌幅达17%，市值蒸发约6000亿美元，创下美国股市历史上单家公司单日市值损失的最高纪录。此次暴跌的导火索是manbetx3.0 企业DeepSeek发布了一款低成本、开源大模型DeepSeek-R1。2023年，英伟达股票一路狂飙，上涨了239%；2024年又再度上涨171%。其股价的火箭式上升已令部分投资者产生疑虑，担忧估值是否已触及顶点。作为OpenAI主要支持者的微软，其CEO萨提亚•纳德拉在近期采访中明确表示担忧："当前的AI公司如果不能带来真正的GDP增长，如果没有真实需求来支撑其开发的产品，它们终将崩溃消亡。" 当下AI市场的狂热和飙升的股价究竟是基于公司的真实基本面，还是源于非理性繁荣？此次史诗级单日大幅下跌更让人联想到25年前互联网时代的那场泡沫。当年纳斯达克指数在2000年3月攀升至5048点的历史高位时，华尔街同样未曾预见，这场以“.com”为象征的互联网革命将在两年内蒸发6.5万亿美元市值，导致亚马逊股价暴跌90%，新浪股价跌幅更是超过98%。如今，DeepSeek作为manbetx3.0 企业代表，在技术突破和成本控制上的潜力不仅加剧了manbetx app苹果 技术竞争，也引发市场对AI行业估值泡沫的深层次反思。