DeepSeek's emergence is shaking up investor confidence of the AI story that has been lifting the U.S. bull market in the past two years.
American stocks crashed on Monday as focus shifted to the upcoming Federal Reserve interest rate decision and as concerns about DeepSeek’s success. Futures tied to the Dow Jones index fell by over 1%,
EST Nvidia releases its first statement on DeepSeek as its stock dipped to a 18% loss on the day, calling the Chinese company’s model “an excellent AI advancem
The Nasdaq Composite fell sharply on Monday after a Chinese artificial intelligence start-up had Wall Street rethinking many assumptions underpinning the AI stock rally. The tech-heavy index sank 3.1%.
Chinese startup DeepSeek’s app has climbed to the top of the iPhone charts as its newest AI assistant showed competitive performance against rivals like OpenAI and Meta.
Stock index futures tumbled Monday as concerns about the AI rally ramped up in the face of buzz about China AI startup DeepSeek, sparking a risk-off move. Nasdaq futures (US100:IND) -3.5% tumbled. AI names like Nvidia (NVDA) and Super Micro Computer (SMCI) were down more than 10%.
Stocks Feeling the Heat. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other stocks feeling the heat from the DeepSeek AI effect. Markets were in turmoil after Chinese startup DeepSeek introduced a low-cost AI model
DeepSeek, a Chinese startup, unveiled an AI platform that competes with top US models at lower costs, causing a major selloff in US tech stocks. The Nasdaq 100 index dropped significantly, raising questions about future AI investments and the dominance of US firms in the AI sector.
A company called DeepSeek said it had developed a large language model that can compete with U.S. AI giants but at a fraction of the cost.
Wall Street has perceived the company to have an almost unbreachable defense against competition with its offerings of high-tech chips. The company’s rapid growth and windfall profit have helped push other technology firms and the Nasdaq Composite Index to record after record,
He told CNBC: "My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is against the export controls that the U.S. has put in p