The biggest market loss in history happened, with Nvidia stock dropping 17%—and the entire internet thought this was hilarious.

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.

Tuesday’s session followed a start to the week that marked Nvidia’s worst day in years, as a roughly 17% drop led to a loss of nearly $600 billion in market value.

Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.

Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.

President Donald Trump has threatened to introduce tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

Eric Schmidt, former CEO and chairman of Google ( GOOGL) and co-founder of Schmidt Sciences, recently laid out his take on what DeekSeek means for the global AI market in a Washington Post editorial, co-authored by Dhaval Adjodah, co-founder of MakerMaker.AI.

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

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

And while I understand the desire to reduce potential losses, allowing emotions to dictate your investing decisions is rarely a good idea, especially when it's based on a perceived problem rather than a real and tangible one.

DeepSeek’s AI disrupts industry, causing Nvidia’s $600B plunge. AI investments surge: SoftBank backs Skild AI, ElevenLabs raises $250M, and Infinite Reality buys Obsess.