Nvidia (NVDA) stock faced a market cap loss of close to $600 billion on a single day last month due to fears triggered by China’s DeepSeek

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

Shutterstock The firm concluded that the DeepSeek selloff is a buying opportunity, and maintained Nvidia as a "Top Pick" with an overweight rating and $152 price target on the shares. While Morgan acknowledged that DeepSeek creates some headwinds around export controls and longer-term investment and that sentiment on Nvidia has worsened around potential longer-term risks,

Nvidia Corp. investors have typically rushed to buy the stock on any dips. But the mood since the DeepSeek-driven rout has been different, signaling that fears of a slowdown in AI spending aren’t going away.

Nvidia Corporation's stock has dropped from its highs due to competition from China's DeepSeek and rising US-China trade tensions. Read more here.