The Market Speaks After just one day of market trading, Hangzhou-based AI startup DeepSeek has absolutely liquidated the AI tech bubble. Today, tech stocks continue to be volatile for AI-adjacent industries.
KEY TAKEAWAYSA slew of artificial intelligence stocks, including chip maker Nvidia, are tumbling in intraday trading Monday after Chinese startup DeepSeek released a cutting-edge AI model that runs on less-advanced chips and at a lower cost than U.
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The sell-off sends names like Broadcom (AVGO) and Marvell Technology (MRVL) tumbling while other AI plays, such as Oklo (OKLO) and Constellation Energy (CEG) see double-digit declines. The news ...
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Chipmakers and other AI-connected industries saw stocks drop Monday amid concerns over advancements by DeepSeek
The U.S. technology sector, especially, the artificial intelligence (AI) space, is crawling back to normalcy after the DeepSeek-led rout on Monday. DeepSeek raised questions particularly on AI infrastructure developers like chipset manufacturers,
The S&P 500 and Nasdaq plunged at midday when Chinese artificial intelligence startup DeepSeek shook up the sector with a lower-cost large language model.
AI-related stocks have been Wall Street’s biggest stars in recent years, soaring on expectations that big spending will only continue to grow. China’s DeepSeek busted that
The S&P 500 was 0.8% higher in afternoon trading. The Dow Jones Industrial Average was up 167 points, or 0.4%, as of 1:08 p.m. Eastern time, and the Nasdaq composite was 1.8% higher after sliding 3.1 % the day before.
Nvidia and other major U.S. tech firms saw a sharp drop on Monday, January 27, amid AI competitiveness concerns. Chinese startup DeepSeek challenged U.S. leadership, leading to an 11% drop in Nvidia’s stock—its worst since March 2020, according to reports.
The sell-off sends names like Broadcom (AVGO) and Marvell Technology (MRVL) tumbling while other AI plays, such as Oklo (OKLO) and Constellation Energy (CEG) see double-digit declines. The news ...