China's DeepSeek AI sows doubts about US tech edge. Nasdaq, S&P 500 slide but Dow edges up
Nvidia shares closed down almost 17%, posting its biggest drop since March 2020 and erasing nearly $600 billion from the company's market cap. Broadcom fell 17.4%, and other chip stocks like Micron declined 11.
The $1 trillion shock: How China's DeepSeek shook the foundations of US tech
Nvidia experienced a historic $589 billion market value loss, triggered by Chinese startup DeepSeek's AI breakthrough. DeepSeek's affordable R1 AI mod
Nvidia Loses Nearly $600 Billion As China's DeepSeek Jolts Tech Shares
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
Advances by China's DeepSeek sow doubts about AI spending
Tech stocks tumbled on Monday as advances by Chinese artificial intelligence (AI) start-up, the Hangzhou DeepSeek Artificial Intelligence Co., Ltd.’s DeepSeek, cast doubt on whether the United States could sustain its leadership in AI by spending billions of dollars on chips.
China’s DeepSeek AI app sends U.S. tech stocks reeling
The tech-heavy Nasdaq index lost nearly 2.7 percent in early trading, with chipmaker Nvidia down nearly 12 percent.
Big Tech Faces Heat as China's DeepSeek Sows Doubts on Billion-Dollar Spending
DeepSeek has claimed it took just two months and cost under $6 million to build an AI model using Nvidia's less-advanced H800 chips. An app powered by the V3 model became the top iPhone download in the U.
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Morgan Stanley Cuts Price Targets For Nvidia, Broadcom, Other Chipmaker Stocks Post DeepSeek Launch: But Retail Stays Positive
Morgan Stanley analysts were surprised by the response to DeepSeek's launch, a development that underscores the intense ...
China startup sparks global indices plunge
Investors sold technology stocks across the globe as they worried that the emergence of a low-cost Chinese artificial ...
DeepSeek is upsetting markets but China's own manufacturing refuses to grow
Even as DeepSeek has rattled the US tech industry with its R1 artificial intelligence (AI) model, the Chinese economy ...
Nvidia reels after China’s AI breakthrough
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence ...
China’s new, high-powered DeepSeek AI spooks U.S. markets
Chipmakers and other AI-connected industries saw stocks drop Monday amid concerns over advancements by DeepSeek ...
DeepSeek Panic Live Updates: Trump Calls AI Development ‘Positive’ Despite Tech Stock Plunge
Jan. 27, 6:30 p.m. EST President Donald Trump said at a House Republican retreat that the launch of the AI model was “a ...
NVIDIA Loses $384 Billion as China’s DeepSeek Disrupts AI Market
Billion Wiped Out Amid China’s AI Shakeup NVIDIA Corporation, the global leader in GPUs, witnessed a staggering $384 billion ...
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Why Broadcom (AVGO) Shares Are Getting Obliterated Today
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 13.6% in the morning session as stocks heavily tied to ...