Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could deepen.

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

Other technology stocks trading at relatively low valuations to historical levels include Micron, Super Micro and Workday.

Nvidia (NASDAQ:NVDA) closed ~5% lower this week to end January with an ~11% slide after Chinese startup DeepSeek’s (DEEPSEEK) low-cost AI model wiped off more than $500B in market capitalization from the Santa Clara,