Since the start of 2023, Nvidia 's (NASDAQ: NVDA) stock has gained an astronomical 906% as of the time of writing. It's also right around its all-time high right now, but these two facts may scare some investors off. The common thought is, "Nvidia has risen so much already; how can it increase more?"

Shares of Nvidia (NASDAQ: NVDA) spiked Tuesday. The company's stock gained 8.9% as of market close. The move up comes as the S&P 500 and Nasdaq Composite gained 0.9% and 2%, respectively. Nvidia's stock felt some relief after a major sell-off on Monday that was spurred by a new AI entrant,

US-based tech heavyweight NVIDIA Corporation (NASDAQ:NVDA) saw its shares collapse yesterday, ultimately losing more than a sixth of its value. The drop was a direct result of the unexpected rise of a Chinese artificial intelligence (AI) app,

A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are overblown.

Paul Sankey of Sankey Research explains why the excessive demand for power needed to deploy cutting-edge chips from the likes of Nvidia and support data centers from companies such as Meta Platforms could prove to be a detriment to America's tech giants in the long run.

This story incorporates reporting from The Motley Fool, scmp.com and MSN.The rise of Chinese AI startup DeepSeek has caused ripples across the technology sector by exposing potential weaknesses in Nvidia’s market dominance.