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Apple, Meta, Nvidia and OpenAI: Who Wins and Loses the DeepSeek Scramble?

The sudden popularity of the Chinese chatbot drove a huge plunge in shares of Nvidia. But other A.I. powerhouses rallied. Here’s why.

© Patrick T. Fallon/Agence France-Presse — Getty Images

Can Jensen Huang, Nvidia’s C.E.O., persuade the markets not to panic over the sudden emergence of DeepSeek?
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