To put this in better context of why NVDA reaction could be just the start

The story concerning DeepSeek and the impact that had on the share price of NVIDIA yesterday amongst other leading tech names in the chip space requires more colour here. So, here we go. The thing is, if the reports are to be believed; the cost of the chips used to get DeepSeek to where they are with their open AI tool has been cited as anywhere between 20 and 30 times less than the cost of the NVDA equivalents. That is a seismic difference and leaving aside all the hyperbole form those most interested in maintaining the dominance of NVDA in the markets, it has huge implications for the whole basis of the 2023-2025 stock market rally, led by just a little more than a handful of tech titans. So, today could be really important for NVIDIA and the Nasdaq 100. Right now the share price of NVDA is around 2.75% higher in the premarket, but that is nowhere near the drubbing it suffered yesterday. So, was that 16.97% an overdone reaction? Perhaps not, but as said, today will be important, to see if the stock can reclaim a decent amount of the losses seen yesterday. Doubts remain in place here for the time being