Artificial intelligence (AI) was the driving force behind many of the stock market's biggest winners in 2024. As big tech companies spend more and more on building out AI data centers and training large language models,

KEY TAKEAWAYS Nvidia and other artificial intelligence stocks at the forefront of the AI revolution are rebounding somewhat in premarket trading Tuesday after a selloff triggered by Chinese startup DeepSeek’s launch of a cutting-edge model at a fraction of the cost of its U.

Nvidia (NVDA) stock saw a slight turnaround Tuesday morning after the chipmaker suffered its biggest single-day market value loss because of an artificial intelligence chatbot challenger in China.

Nvidia is the gold standard and leading provider of the graphics processing units (GPUs) used to train and run AI systems. The company is believed to control as much as 98% of the data center GPU market, according to semiconductor analyst firm TechInsights. If AI models can be trained on lower-cost, inferior chips, Nvidia has a lot to lose.

Nvidia (NASDAQ:NVDA) saw $589B in market cap erased on Monday as the Jensen Huang-led company led tech stocks lower following concerns about Chinese startup DeepSeek and its large language model. Broadcom tumbled (NASDAQ:AVGO) about 19%,

This especially rings true for a massive movement like artificial intelligence (AI), which can potentially shape the world for decades to come. One stock most commonly held among the 16 billionaire hedge funds that The Motley Fool analyzed was Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).