Nvidia shares sink as Chinese AI app spooks markets
US tech giant Nvidia lost over a sixth of its value after the surging popularity of a Chinese artificial intelligence (AI) app spooked investors in the US and Europe. DeepSeek, a Chinese AI chatbot reportedly made at a fraction of the cost of its rivals, launched last week but has already become the most downloaded free app in the US.
The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 ...
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A Chinese artificial intelligence company released its model, R1, about a week and a half ago, sending American chipmaker ...
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and ...
A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are ...
The release of Chinese AI startup DeepSeek's latest AI model disrupted the tech sector and caused $1 trillion in stock market ...
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China's DeepSeek has panicked investors in top AI stocks after it said its new model was built with less computing power than ...
The software group said it is open to leveraging AI models from the likes of DeepSeek if they meet certain cost, reliability ...
Shares of Nvidia (NASDAQ: NVDA) surged higher on Tuesday, after taking it on the chin Monday. The maker of graphics processing units (GPUs) used for artificial intelligence (AI) applications gained as ...
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