The most agorero analysts have been predicting the prick of the artificial intelligence bubble for months. The most optimistic, on the contrary, say that technology is still in the beginning. That is a lot the route that remains ahead. The Nvidia microprocessor giant rose to the wave like no other company before, to the point of perched on the first position in the list of the most valuable quoted companies in the world. This Monday, however, its reign suddenly seems much more indebted: and its low -cost chatgpt version threatens its business model, based on providing last generation chips for other technological ones. And investors fled: their shares collapsed 16.86%, in the largest loss of stock market or stock market value by a company in one day: 589,000 million dollars (about 561 billion euros).
Waiting for confirming at the close of the day, the negative record bat, for more than double, the previous brand of Nvidia, of September 3, 2024. In a single day, after presenting results that disappointed to the market. The value recovered by that collapse, and reached its historical maximum only three weeks ago, at the close of the January 6 session, when its price exceeded $ 149. Now, the unexpected entry at set of a Chinese competitor, and above all, the idea that the entrance barriers to the AI chip industry are more permeable than one thought was thought about, it has made value to value 118 , 58 dollars, which relegates it, in turn, to the third position of the most valuable quoted, behind Apple and Microsoft.
“The appearance of a potentially more efficient approach in AI processing questions the need for billions of investment provided in infrastructure and intellectual property,” says Oliver Blackbourn, portfolio manager in the Janus Henderson multi -active team . In their opinion, the markets are especially vulnerable to a disruption of retail investors, which have been launched to the bags attracted by the high profitability of the last two years. “Being more exposed than ever to stock markets, there is a danger that wider negative feedback loops are generated if there is a loss of confidence,” he predicts.
Black Monday
On black Monday for US bags it transcends Nvidia: the losses of stock market capitalization of technological ones ronded on Monday and a half of dollars, almost the equivalent of Spanish GDP, with the Nasdaq composite falling 2.97%. The frightened is not just a consequence that the appearance of Deepseek can be a turning point. —Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta, and Tesla – on the back of artificial intelligence, all of them above the billion dollars of capitalization, a threshold that does not approach, not even remotely, no European company, It has accelerated the collection of benefits.
Will Nvidia from the bump be recovered this time? If the story is repeated, the answer would be positive, but no one rules out that one of the lessons of the Deepseek phenomenon is a resistance of investments in AI infrastructure. It may even happen that optimistic and agorers are partially right and AI is a budding technology, full of potential, which has simply pushed some of its actors too fast. A story that he remembers, on another scale and with other fundamental ones – Nvidia generates billions for benefit – to the website and what happened with euphoria puntocom.
