Nvidia shares almost recover from DeepSeek rout after Grok 3 launch, huge South Korean order

Semiconductor giant Nvidia's shares have almost recovered from the losses it experienced after Chinese Artificial Intelligence (AI) startup DeepSeek launched its low-cost AI model. Nvidia Corporation Common Stock closed at $139.40 on the tech-heavy Nasdaq after the trading session ended on Tuesday, February 18, 2025. This was a rise of 0.40% or $0.55.

This comes after Elon Musk's AI startup xAI launched Grok 3 and an announcement came of the South Korean government looking to order a huge number of chips from the chip maker.

The DeepSeek launch impacted Nvidia stocks since the model used older versions of Nvidia chips and still claimed to rival established Silicon Valley giants such as OpenAI's ChatGPT. Before the DeepSeek model was launched, Nvidia shares were trading around $142 a piece.