The Nasdaq & S&P 500 fell after Chinese startup DeepSeek shows AI can be built cheaply, sparking fears AI spending will stall. The blue-chip Dow rose.
Morgan Stanley analysts were surprised by the response to DeepSeek's launch, a development that underscores the intense competition from China's crucial AI sector. Despite dismissing the knee-jerk reaction of markets on Monday,
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.
US stocks opened lower after Chinese startup DeepSeek's AI model shows AI can be built cheaply. That sparked fears AI spending will stall.
Shares in Nvidia, whose semiconductors power the AI industry, fell nearly 17 percent on Wall Street, erasing nearly $600 billion of its market value.
Chipmakers and other AI-connected industries saw stocks drop Monday amid concerns over advancements by DeepSeek
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence boom, has been dealt a tough reality check by a small Chinese company that showed it could do more
U.S. stocks recovered some ground Tuesday morning after getting hammered by fears over China's DeepSeek AI model built on a shoestring budget.
A tech sell-off on Monday saw more than $1 trillion in value erased over concerns over China's DeepSeek AI app.
News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.
Investors sold technology stocks across the globe as they worried that the emergence of a low-cost Chinese artificial intelligence (AI) model would threaten the dominance of current leaders.
By Sinéad Carew, Amanda Cooper, Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) -Investors sold off a host of technology stocks from Tokyo to New York on Monday as they worried that the emergence