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Nvidia leads chipmaker stocks lower as investor fears over AI demand continue to weigh

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Nvidia ( NVDA ) stock fell as much as 2.6% early Thursday , leading other chipmakers down.

The drop puts Nvidia shares down nearly 13% year-to-date , with the AI chipmaking giant seeing its worst monthly performance in February since July 2022 .

Chinese tech giant Alibaba (BABA) unveiled an AI model it said rivals DeepSeek's R-1, whose introduction spurred market fears.