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

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

Nvidia market cap has come down to below $3 trillion-mark after emergence of China's AI startup DeepSeek created an uproar.

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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.

With Monday’s losses, Apple has retaken the title of world’s most valuable company and Nvidia’s value sank to around $2.8 trillion.

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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.

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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.

Get your hands on the new Blackwell GPU with our guide on where to find the RTX 5090 and RTX 5080 in stock near you.