is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Nvidia is touting the performance of DeepSeek’s open source AI models on its just-launched RTX 50-series GPUs, claiming that they can “run the DeepSeek family of distilled models faster than anything on the PC market.” But this announcement from Nvidia might be somewhat missing the point. This week, Nvidia’s market cap suffered the single biggest one-day market cap loss for a US company ever, a loss widely attributed to DeepSeek. DeepSeek said that its new R1 reasoning model didn’t…