That's the end of regulation. Unilever ringing the closing belt at the New York Stock Exchange,

the Chinese Consulate General in New York doing the honors at the NASDAQ. What a day.

Invidia and other AI plays getting rocked as China's deep seek raises questions about AI spend.

Invidia plunging 17% losing hundreds of billions of dollars in market cap and the NASDAQ falling more than

3%. And yet, the Dow finished with gains. That's the scorecard on Wall Street for the action is just

getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan with John Ford. Well, is this the

Nvidia buying opportunity you've been waiting for are the start of a bigger downturn.

We're going to debate that question.

Talk about the names that could actually benefit from today's news.

Plus, J.P. Morgan's Global Chair of Investment Banking joins us with a look at how this potential

reset in the AI narrative could change the money flow in the tech space and beyond.

Well, let's start with VINVIDIA getting crushed along with other chip and AI-related names,

logging the worst single-day market cap loss ever, around $600 billion.

It's larger than the entire market cap of Netflix, Oracle, or United Health.

Let's bring in Mellius Research, head of technology research. Ben

writes this, got a buy rating on NVIDIA. Ben, welcome. So the way I see it, the bearish argument

on NVIDIA from here is this, that it's going to shift the whole industry's focus from how many

GPUs, how many accelerators can I get as soon as possible to drive the best outcome,

to how can I get the best AI results using the fewest compute resources?

Because up until now, there was little downside to overspending.

Now the risk is China's going to embarrass you.

Well, we call this the inverse Sputnik moment where Sputnik in 1957 caused the space race

...