The selloff was triggered by the Chinese challenge to US dominance in the AI industry Nvidia’s stock plummeted 17% on Monday, erasing approximately $589 billion from its market capitalization and marking the largest single-day loss in US corporate history. The sharp decline follows concerns over mounting competition from the Chinese artificial intelligence firm DeepSeek. The selloff was part of a broader tech downturn that saw the Nasdaq Composite fall 3.1%, its worst day since December. Nvidia