The tech-heavy Nasdaq index lost nearly 2.7 percent in early trading, with chipmaker Nvidia down nearly 12 percent.
Nvidia stock dropped more than 11% as a social media panic over the potential rise of a Chinese AI model upended chip stocks and the broader AI investment thesis early Monday.
The shock came after DeepSeek said it had developed a large language model known as R1 that can compete with U.S. giants but ...
DeepSeek was tasked with selecting two stocks investors can buy now and hold long-term due to their growth potential.
Nvidia, whose chips are the top choice for powering AI applications, dropped 11.7%, while a gauge of semiconductor stocks ...
By Amanda Cooper and Ankur Banerjee LONDON/SINGAPORE (Reuters) -Investors hammered technology stocks on Monday, sending the ...
Shares of Nvidia tumbled Monday after the release of a sophisticated artificial intelligence model from a Chinese startup ...
The new AI assistant released by Chinese startup DeepSeek has rattled the U.S. technology sector after it reportedly ...
Nvidia, Microsoft, and Alphabet were among the market's top losers on Monday as the rise of DeepSeek rattled investors.
DeepSeek offers the prospect of a viable, cheaper AI alternative, raising questions on the heavy spending by US companies ...
The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia and AI-backer Microsoft.
Stiffer competition for the tech giants at the forefront of the artificial intelligence boom prompted investors to reassess ...