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DeepSeek Sends Chills Through U.S. Tech Stocks
Chinese AI firm DeepSeek appears to be making waves among tech investors, potentially raising competition concerns. Nasdaq futures were recently down by more than 2%, pressured by news that the Chinese start-up can run its latest AI model on less advanced and cheaper chips,
Tech stocks fall as China's DeepSeek sparks U.S. worries about the AI race
DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.
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.
1d
on MSN
U.S. Tech Stocks Pummeled As Cheaper Chinese AI Model Gains Traction
The Nasdaq dropped like a stone Monday as tech stocks, inflated for the past year by the promise of artificial intelligence, ...
18h
AI fears weigh on tech stocks, as tariff talk boosts dollar
Japanese tech firms sank Tuesday following a rout on Wall Street after China's DeepSeek chatbot upended the artificial ...
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