U.S. tech stocks tumbled after Chinese startup DeepSeek unveiled a low-cost AI chatbot, sparking concerns about the sky-high valuations of tech giants like Nvidia and Microsoft. Patrick Moorhead, chief analyst at Moor Insights,

Finbold consulted DeepSeek for additional insight into what price Nvidia stock could be trading at by the end of the year.

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.