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.
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
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.
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 market cap loss in premarket trading. The steep drop came as China’s AI startup,
How China's DeepSeek Shook up US Markets, by the Numbers
News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence
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.
Asia Tech Stocks Slump After DeepSeek’s Rise Triggers U.S. Chip Selloff
Technology stocks fell sharply in Asia after the emergence of Chinese artificial-intelligence startup DeepSeek triggered a selloff in AI-related stocks overnight and cast uncertainty over the rising demand for data centers.
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.
Why Chinese AI company DeepSeek is spooking investors on U.S. tech
U.S. tech stocks, including Nvidia, Oracle and Broadcom, plummeted Monday after Chinese startup DeepSeek said it created an AI system that can compete against chatbots such as OpenAI's ChatGPT at much lower costs.
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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 ...
US stock futures sink as investors weigh China challenge to US dominance in AI. Nvidia off 12%
Investors dumped technology stocks in premarket trading Monday, sending U.S. indexes sharply lower after 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 ...
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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 ...
Tech Slides Amid Chip Rout Following Chinese AI Breakthrough -- Tech Roundup
Shares of technology companies plunged as an apparent AI breakthrough in China caused a rout in mega-cap U.S. companies, amid fears of rising competition and overspending on U.S. tech infrastructure.
Chinese app nukes US stock market, $1 trillion lost in tech nightmare
Fears that the AI gold rush could be under threat rocked Wall Street on Monday as the US stock market lost more than a ...