DeepSeek did Nvidia a favor
1 month, 1 week ago

DeepSeek did Nvidia a favor

Live Mint  

DeepSeek hasn’t sunk Nvidia’s prospects for a big year. The panic sparked by the Chinese AI startup’s revelations last month cost Nvidia nearly $750 billion in market cap in a little over a week’s time. Nvidia CEO Jensen Huang said on the company’s last earnings call in November that Blackwell production “is in full steam." But many analysts don’t expect those Blackwell shipments to hit high volume until the second half of the new fiscal year, which could mean a disappointing forecast from Nvidia for its April-ending quarter. Nvidia is also now cheaper by that measure than most of its megacap tech peers despite superior growth projections, with revenue projected to rise 53% this year compared with 12.2% average growth expected for Apple, Microsoft and the other tech giants fetching market caps of more than $1 trillion each, according to FactSet data.

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History of this topic

China's DeepSeek claims theoretical cost-profit ratio of 545% per day
3 weeks ago

China's DeepSeek claims theoretical cost-profit ratio of 545% per day

The Hindu  

Chinese AI startup DeepSeek on Saturday disclosed some cost and revenue data related to its hit V3 and R1 models, claiming a theoretical cost-profit ratio of up to 545% per day, though it cautioned that actual revenue would be significantly lower. The sell-off was partly caused by DeepSeek's claims that it spent less than $6 million on chips used to …

DeepSeek cuts off-peak pricing for developers by up to 75%
3 weeks, 4 days ago

DeepSeek cuts off-peak pricing for developers by up to 75%

Deccan Chronicle  

Beijing: Chinese AI startup DeepSeek on Wednesday introduced discounted off-peak pricing for developers looking to use its AI models to build their own products, its website showed, a move that could put pressure on rivals in China and overseas to cut prices. DeepSeek's low-cost AI models triggered a major sell-off in global equity markets last month, as investors worried that …

DeepSeek cuts off-peak pricing for developers by up to 75%
3 weeks, 4 days ago

DeepSeek cuts off-peak pricing for developers by up to 75%

The Hindu  

Chinese AI startup DeepSeek on Wednesday introduced discounted off-peak pricing for developers looking to use its AI models to build their own products, its website showed, a move that could put pressure on rivals in China and overseas to cut prices. DeepSeek's low-cost AI models triggered a major sell-off in global equity markets last month, as investors worried that its …

Nvidia has leapt back into the AI game as panic over DeepSeek ebbs
1 month ago

Nvidia has leapt back into the AI game as panic over DeepSeek ebbs

Live Mint  

The Great DeepSeek Panic of January 2025 is officially over. Notably, the not-so-secret ingredient for Grok-3’s progress— which, as Ben Thompson notes in Stratechery, comes just 19 months after a standing start—was xAI’s enormous stockpile of Nvidia chips. But what DeepSeek wasn’t, it turns out, was a threat to the status quo of AI companies spending as much money on …

Amazon pours fuel on Big Tech spending after DeepSeek panic
1 month, 2 weeks ago

Amazon pours fuel on Big Tech spending after DeepSeek panic

Live Mint  

There’s stepping on the gas, and then there’s flooring it. Amazon didn’t give a precise forecast but said the $26.3 billion of capital spending in the latest quarter was a run rate that will be “reasonably representative" of what the company will spend this year. Microsoft’s quarterly report last week has analysts now expecting total capital spending of nearly $94 …

Nvidia stock crash: How a Brooklyn-based blogger fueled the AI giant’s $600 bn market collapse; Here’s what report says
1 month, 3 weeks ago

Nvidia stock crash: How a Brooklyn-based blogger fueled the AI giant’s $600 bn market collapse; Here’s what report says

Live Mint  

A Brooklyn-based social media blogger, Jeffrey Emanuel, on January 25, 2025, wrote a nearly 12,000-word blog post making a case for shorting one of the top chipmaking AI companies in the world, Nvidia Corp., reported the news portal MarketWatch. The blogger also cited that the Chinese AI platform DeepSeek did in a much cheaper way what big tech companies like …

DeepSeek damage: On Jan 27, Nvidia lost combined networth of Starbucks, PepsiCo, McDonald's and Target
1 month, 3 weeks ago

DeepSeek damage: On Jan 27, Nvidia lost combined networth of Starbucks, PepsiCo, McDonald's and Target

Firstpost  

The steep drop followed a big development from a Chinese startup, DeepSeek. It announced it had created a large-language model capable of matching ChatGPT and other US rivals while using significantly less computing power DeepSeek's claims of having developed an AI for a fraction of the cost it has taken for Western developers had led to chipmaker Nvidia's stock registering …

Perplexity CEO Aravind Srinivas claims to buy more Nvidia shares amid rout on DeepSeek rise, netizens say, ‘good move’
1 month, 3 weeks ago

Perplexity CEO Aravind Srinivas claims to buy more Nvidia shares amid rout on DeepSeek rise, netizens say, ‘good move’

Live Mint  

Perplexity CEO Aravind Srinivas has claimed that he has bought more Nvidia shares amid the market sell-off following the rise of the Chinese AI app DeepSeek. In a post on the social media platform X, Srinivas said, “I just bought some more NVDA.” Perplexity CEO made this claim while responding to a post on X, where Jim Cramer, a journalist …

Elon Musk mocks ‘cheap’ Chinese AI DeepSeek, shows utter dissatisfaction
Trending News
1 month, 3 weeks ago

Elon Musk mocks ‘cheap’ Chinese AI DeepSeek, shows utter dissatisfaction

Hindustan Times  

Elon Musk has voiced doubt about the success of DeepSeek, a Chinese AI company that has been making headlines for its advancements in artificial intelligence. Benioff applauds DeepSeek, Musk dismisses claims When Salesforce CEO Marc Benioff lauded DeepSeek’s achievements, “Deepseek is now #1 on the AppStore, surpassing ChatGPT—no NVIDIA supercomputers or $100M needed. Deepgold,” to which one user questioned, “Marc, …

‘People don’t know what they own’: Experts explain DeepSeek-related record sell-off after Nvidia shares rise
1 month, 3 weeks ago

‘People don’t know what they own’: Experts explain DeepSeek-related record sell-off after Nvidia shares rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For additional context, including this week’s drop, Nvidia shares …

Nvidia’s rout on DeepSeek fears signals market fragility, Black Swan author Nassim Taleb predicts bigger drawdowns
1 month, 3 weeks ago

Nvidia’s rout on DeepSeek fears signals market fragility, Black Swan author Nassim Taleb predicts bigger drawdowns

Live Mint  

Black Swan author Nassim Taleb stated that the crash in Nvidia shares reflects the fragility of the equity market and that more losses are expected ahead. A slump of two or three times bigger than Monday's 17% sell-off that wiped $589 billion from Nvidia's valuation is “absolutely in line” with what the market must expect, Taleb said while speaking to …

Nvidia share price rebounds but DeepSeek's AI impact is still deep
1 month, 3 weeks ago

Nvidia share price rebounds but DeepSeek's AI impact is still deep

Firstpost  

Nvidia’s stock price, which had fallen by nearly 17 per cent on Monday due to the success of Chinese AI startup DeepSeek’s app, has recovered a chunk of its value by rising 8.9 per cent on Tuesday. The upward momentum in Nvidia’s share price came a day after the stock saw a massive drop of 16.86 per cent, leaving the …

DeepSeek’s rise exposes Nvidia’s weakness
1 month, 3 weeks ago

DeepSeek’s rise exposes Nvidia’s weakness

Live Mint  

Nvidia’s success as the computational arms dealer for the artificial-intelligence boom has made it a target for a host of rivals seeking to diminish its dominance. Doing the work of serving up such AI models to users—a process called “inference"—required large numbers of Nvidia’s chips, it said. The concern for investors is that DeepSeek’s more efficient way of developing AI …

Nvidia faces a reckoning as Chinese upstart Deepseek raises questions about Wall Street’s darling
1 month, 3 weeks ago

Nvidia faces a reckoning as Chinese upstart Deepseek raises questions about Wall Street’s darling

The Hindu  

The superstar run for Nvidia’s stock the last few years has been astonishing. Investors and analysts lauded CEO Jensen Huang as the “Godfather of AI.” Nvidia grew into a $3 trillion-plus behemoth and traded places with titans like Apple to become the most valuable company on Wall Street. Now Nvidia’s specialised chips are key components that help power different forms …

Nvidia is in danger of losing its monopoly-like margins
1 month, 3 weeks ago

Nvidia is in danger of losing its monopoly-like margins

Live Mint  

IT IS Common lore in Silicon Valley that no company has a bigger moat than Nvidia, the world’s dominant supplier of chips for artificial intelligence. That was true until January 27th, when a Chinese firm called DeepSeek, bearing an AI model that it said cost less than $6m to train, blew a nearly $600bn hole in the value of the …

Nvidia faces reckoning as Chinese upstart raises questions about Wall Street’s darling
1 month, 3 weeks ago

Nvidia faces reckoning as Chinese upstart raises questions about Wall Street’s darling

Live Mint  

New York, Jan 29 The superstar run for Nvidia's stock the last few years has been astonishing. Now Nvidia's specialised chips are key components that help power different forms of artificial intelligence, including the latest generative AI chatbots such as ChatGPT and Google's Gemini. Huang has dubbed AI “the next industrial revolution,” and Nvidia's GPUs are designed to perform artificial …

China’s DeepSeek faces questions over claims after shaking up global tech
1 month, 3 weeks ago

China’s DeepSeek faces questions over claims after shaking up global tech

Al Jazeera  

Elon Musk and Palmer Luckey are among tech leaders to cast doubts on the Chinese startup’s claimed budget and chip use. “But it’s also quite possible that that’s just the cost of fine-tuning and post-processing models that cost more, that DeepSeek couldn’t have done it without building on more expensive models by others.” In a research paper released last week, …

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street’s darling
1 month, 3 weeks ago

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street’s darling

Associated Press  

NEW YORK — The superstar run for Nvidia’s stock the last few years has been astonishing. Huang has dubbed AI “the next industrial revolution,” and Nvidia’s GPUs are designed to perform artificial intelligence tasks faster and more efficiently than general-purpose chips like CPUs. On Feb. 23, 2023, after Nvidia breezed past analysts’ expectations for quarterly profit, Huang said that “AI …

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling
1 month, 3 weeks ago

Nvidia faces a reckoning as an upstart rival raises questions about Wall Street's darling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Investors and analysts lauded CEO Jensen Huang as …

WTF Is DeepSeek — And Will The Stock Market Chaos Affect Your Wallet?
1 month, 3 weeks ago

WTF Is DeepSeek — And Will The Stock Market Chaos Affect Your Wallet?

Huff Post  

Bloomberg via Getty Images DeepSeek caused a Wall Street freakout on Monday, but individuals should not make any rash financial decisions as a result, experts say. “You should never respond to one-off changes in the stock market, and you should not be investing in individual stocks or worried about the changes in individual stocks,” warned University of Houston economist Dietrich …

How DeepSeek devastated the US tech industry
Trending News
1 month, 3 weeks ago

How DeepSeek devastated the US tech industry

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Nvidia and Broadcom both saw their value drop by around a fifth “DeepSeek’s release of a premium …

DeepSeek is a lesson from history we should have learned by now
1 month, 3 weeks ago

DeepSeek is a lesson from history we should have learned by now

The Independent  

There were car manufacturers before Henry Ford came up with the Model T. The past teaches us that – but then how many of today’s tech titans pay any regard to yesteryear? There was the US chipmaker, seemingly impervious to anything, the world’s most valuable company, and along comes Chinese start-up DeepSeek with news it can undercut the market in …

DeepSeek’s deeper impact could be good for some hard-hit stocks
Top News
1 month, 3 weeks ago

DeepSeek’s deeper impact could be good for some hard-hit stocks

Live Mint  

A Chinese artificial intelligence upstart has sent highflying technology stocks into a tailspin. Taiwan Semiconductor Manufacturing, or TSMC, which produces Nvidia’s chips, wasn’t spared either—its American depositary receipts fell 13%. Investors were spooked by DeepSeek’s claim that it could build AI models rivaling OpenAI and a competitor from Alphabet at a fraction of the cost. If AI models become efficient …

Trump issues warning about Chinese AI startup DeepSeek to US tech titans after cheaper breakthrough rattled stock markets
1 month, 3 weeks ago

Trump issues warning about Chinese AI startup DeepSeek to US tech titans after cheaper breakthrough rattled stock markets

Daily Mail  

President Donald Trump has branded Chinese AI startup DeepSeek as a 'wake-up call' for US tech titans after fears of upheaval in the AI gold rush rocked Wall Street. President Donald Trump has branded Chinese AI startup DeepSeek as a 'wake-up call' for US tech titans after fears of upheaval in the AI gold rush rocked Wall Street Liang Wenfeng, …

Scale AI CEO Alexandr Wang claims DeepSeek hides 50,000 NVIDIA H100 chips stockpile, Elon Musk reacts
Top News
1 month, 3 weeks ago

Scale AI CEO Alexandr Wang claims DeepSeek hides 50,000 NVIDIA H100 chips stockpile, Elon Musk reacts

Live Mint  

In a recent chat with CNBC, Alexandr Wang, CEO of Scale AI, made a striking revelation about DeepSeek’s hardware stash. According to Wang, DeepSeek is in possession of over 50,000 NVIDIA H100 chips, a massive haul that they are unable to openly discuss due to stringent US export controls. DeepSeek has more than 50,000 H100s, which they can’t talk about …

DeepSeek won’t sink US AI titans
1 month, 3 weeks ago

DeepSeek won’t sink US AI titans

Live Mint  

Nvidia’s market value surged because of explosive demand for AI chips and services, but the company’s shares fell sharply in a chip-sector selloff on Monday. “The ‘DeepSeek’ moment is driving investors to shoot first and ask questions later," wrote Joshua Buchalter of TD Cowen. “While DeepSeek’s achievement could be groundbreaking, we question the notion that its feats were done without …

DeepSeek is upsetting markets but China's own manufacturing refuses to grow
1 month, 3 weeks ago

DeepSeek is upsetting markets but China's own manufacturing refuses to grow

Firstpost  

Even as DeepSeek has rattled the US tech industry with its R1 artificial intelligence model, the Chinese economy continues to perform poorly amid slowing manufacturing sector Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. Charu Chanana, the chief investment strategist at Saxo, told CNN that …

DeepSeek: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?
1 month, 3 weeks ago

DeepSeek: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The emergence of Chinese artificial …

The day DeepSeek turned tech and Wall Street upside down
1 month, 3 weeks ago

The day DeepSeek turned tech and Wall Street upside down

Live Mint  

For two years, markets’ belief that the rise of artificial intelligence would usher in a new era of productivity growth has fueled trillions of dollars in stock-market gains. Dan Cleary, a New York-based founder of PromptHub, a startup that helps users improve their queries to AI systems, said he ran DeepSeek’s R1 through its paces by giving it a multistep …

DeepSeek demolishes Nvidia stock, CEO loses $20 billion in a day: Why was the tech giant worst hit?
Top News
1 month, 3 weeks ago

DeepSeek demolishes Nvidia stock, CEO loses $20 billion in a day: Why was the tech giant worst hit?

Firstpost  

The surprise success of China’s AI startup, DeepSeek, led to tech stocks being hammered in the US market. Nvidia, the leading supplier of AI chips, was largely impacted; its shares plunged 17 per cent, shedding $600 billion in value and its CEO, Jensen Huang, lost 20 per cent of his net worth. Nvidia’s Huang is poorer by nearly $20 billion …

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices
1 month, 3 weeks ago

Nvidia stocks: DeepSeek AI model launch sees a trillion dollars wiped off world’s biggest tech companies’ share prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The reveal of a new …

Tech Shares Feel The Tremors Of Chinese AI Model DeepSeek, Nvidia Stocks Crash 17 Per Cent
1 month, 3 weeks ago

Tech Shares Feel The Tremors Of Chinese AI Model DeepSeek, Nvidia Stocks Crash 17 Per Cent

ABP News  

Tech shares across the world suffered a massive hit following the emergence of the Chinese artificial intelligence model, DeepSeek. Tech giant, Nvidia, saw a bloodbath in the US markets as it crashed 17 per cent on Monday, reported Reuters. The company considered to be the face behind the AI boom in recent years saw a wipeout of $593 billion from …

Donald Trump's surprising take on DeepSeek, 'wake-up call’ comment shows his softening stance on China
1 month, 3 weeks ago

Donald Trump's surprising take on DeepSeek, 'wake-up call’ comment shows his softening stance on China

Firstpost  

Trump acknowledged that DeepSeek’s AI model was not only faster but also much cheaper than its US counterparts, which he believes could be a good thing for America. Image Credit: Reuters US President Donald Trump has weighed in on the rise of Chinese AI company DeepSeek, calling it both a “wake-up call” for American industries and a “positive” development for …

OpenAI chief Altman says DeepSeek's R1 model 'impressive'
1 month, 3 weeks ago

OpenAI chief Altman says DeepSeek's R1 model 'impressive'

The Hindu  

OpenAI CEO Sam Altman called Chinese startup DeepSeek's R1 AI model "impressive" on Monday, but emphasized that OpenAI believes greater computing power was key to their own success. DeepSeek, a low-cost Chinese artificial intelligence model, grabbed global attention last month when it stated in a paper that training its DeepSeek-V3 model required less than $6 million in computing power using …

DeepSeek News LIVE: Scale AI CEO Alexandr Wang claims DeepSeek stockpiles 50,000 NVIDIA H100 chips, Elon Musk reacts..
1 month, 3 weeks ago

DeepSeek News LIVE: Scale AI CEO Alexandr Wang claims DeepSeek stockpiles 50,000 NVIDIA H100 chips, Elon Musk reacts..

Live Mint  

DeepSeek News Live Updates: Chinese AI startup DeepSeep has made a rapid rise in the world of artificial intelligence with its V3 and R1 models. DeepSeek News Live: Scale AI CEO Alexandr Wang claims DeepSeek stockpiles 50,000 NVIDIA H100 chips, Elon Musk reacts. DeepSeek News Live: In a recent CNBC interview, Alexandr Wang, CEO of Scale AI, claims that DeepSeek …

How DeepSeek’s AI disruption sent $593 billion shockwave to Nvidia, rattled global stock markets
Trending News
1 month, 3 weeks ago

How DeepSeek’s AI disruption sent $593 billion shockwave to Nvidia, rattled global stock markets

Live Mint  

DeepSeek AI, a low-cost Chinese artificial intelligence start-up from Hangzhou, has rattled United States tech stocks and the global stock markets, tanking the value of chip maker Nvidia by as much as $593 billion overnight—a record 17 per cent one-day loss for the Silicon Valley golden child. We take a look at how DeepSeek's AI disruption sent a $593 billion …

China’s DeepSeek wipes off over $1 trillion in US stocks, sends Microsoft, NVIDIA & Google crashing
1 month, 3 weeks ago

China’s DeepSeek wipes off over $1 trillion in US stocks, sends Microsoft, NVIDIA & Google crashing

Firstpost  

In the aftermath of DeepSeek’s meteoric rise, Apple surpassed NVIDIA to become the most valuable company in the US, and other tech giants like Google and Microsoft also saw significant losses Despite the restrictions, DeepSeek was able to build an impressive AI model using resources that were less expensive and less powerful than what competitors typically rely on. In the …

Trump says Chinese AI chatbot DeepSeek a 'wake-up call' as US stocks tank $1 tn
Top News
1 month, 3 weeks ago

Trump says Chinese AI chatbot DeepSeek a 'wake-up call' as US stocks tank $1 tn

Firstpost  

The introduction of a Chinese chatbot on Monday knocked $1 trillion off the top US tech index, igniting the fight for dominance in artificial intelligence This photo illustration shows the DeepSeek app on a mobile phone in Beijing. AFP US President Donald Trump said Monday that the low-cost Chinese AI model DeepSeek was a “wake-up call” for US firms after …

US stock market: NVIDIA share price crashes 17% on DeepSeek AI fear, loses over $600 billion market cap
1 month, 3 weeks ago

US stock market: NVIDIA share price crashes 17% on DeepSeek AI fear, loses over $600 billion market cap

Live Mint  

US stock market: Following concern over Chinese Air Intelligence start-up DeepSeek, NVIDIA share price witnessed sharp selling on Monday. The US stock market's tech major, NVIDIA stock price, opened lower at $124.80 apiece on the NASDAQ and touched an intraday low of $116.70 per share. However, the DeepSeep AI fear in the US stock market continued to enable bears to …

What’s DeepSeek, China’s AI startup sending shockwaves through global tech?
1 month, 3 weeks ago

What’s DeepSeek, China’s AI startup sending shockwaves through global tech?

Al Jazeera  

Chip giant Nvidia shed nearly $600bn in market value after Chinese AI model cast doubt on supremacy of US tech firms. US President Donald Trump, who last week announced the launch of a $500bn AI initiative led by OpenAI, Texas-based Oracle and Japan’s SoftBank, said DeepSeek should serve as a “wake-up call” on the need for US industry to be …

DeepSeek just blew up the AI industry’s narrative that it needs more money and power
1 month, 3 weeks ago

DeepSeek just blew up the AI industry’s narrative that it needs more money and power

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. And finally, in the year 2025, here comes DeepSeek to blow up the industry’s whole narrative about AI’s bottomless appetite for power, and potentially break the spell that had kept Wall Street funneling money to anyone with the words “harnessing artificial intelligence” in their pitch deck. By its own …

DeepSeek just blew up the AI industry’s narrative that it needs more money and power
1 month, 3 weeks ago

DeepSeek just blew up the AI industry’s narrative that it needs more money and power

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. And finally, in the year 2025, here comes DeepSeek to blow up the industry’s whole narrative about AI’s bottomless appetite for power, and potentially break the spell that had kept Wall Street funneling money to anyone with the words “harnessing artificial intelligence” in their pitch deck. By its own …

Look Deep, Donald
1 month, 3 weeks ago

Look Deep, Donald

Times of India  

A Chinese AI app caused US AI star Nvidia’s stock to crash. It’s eight days since Trump became president, and six since he announced a $500bn AI push under Project Stargate. DeepSeek made waves last Nov when it released a preview of its ‘reasoning’ model called R1, claiming it could rival ChatGPT maker OpenAI’s most advanced ‘o1’ model. DeepSeek’s AI …

‘No Nvidia supercomputers needed: DeepSeek claims #1 spot on AppStore beating ChatGPT,’ applauds Salesforce CEO
1 month, 3 weeks ago

‘No Nvidia supercomputers needed: DeepSeek claims #1 spot on AppStore beating ChatGPT,’ applauds Salesforce CEO

Live Mint  

In a remarkable turn of events, DeepSeek, a Chinese startup founded just over a year ago, has risen to the number one spot on the App Store, outpacing OpenAI's ChatGPT, expressed Salesforce CEO Marc Benioff taking to X to share his thoughts. “DeepSeek is now #1 on the AppStore, surpassing ChatGPT—no NVIDIA supercomputers or $100M needed,” he wrote, emphasising the …

Nvidia stock plummets 17%, selloff on Wall Street after low-cost Chinese AI DeepSeek
1 month, 3 weeks ago

Nvidia stock plummets 17%, selloff on Wall Street after low-cost Chinese AI DeepSeek

Live Mint  

Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies. ET, the Dow Jones Industrial Average fell 43.01 points, or 0.10 per cent, to 44,381.24, the S&P 500 lost 107.59 points, or 1.76 per cent, to 5,993.65 and the Nasdaq …

Nvidia stock plummets 17%, selloff on Wall Street after low-cost Chinese AI DeepSeek
1 month, 3 weeks ago

Nvidia stock plummets 17%, selloff on Wall Street after low-cost Chinese AI DeepSeek

Live Mint  

Wall Street stocks declined sharply on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chip giant Nvidia and other Big Tech companies. Among the Big Tech stocks, Microsoft, Meta Platforms and Google-parent Alphabet lost between 2.2 per cent and 3.5 per cent, while AI server makers Dell Technologies and Super Micro Computer …

What is DeepSeek-R1, which spooked global AI market?
1 month, 3 weeks ago

What is DeepSeek-R1, which spooked global AI market?

Hindustan Times  

DeepSeek AI, a Chinese tech startup last week released its open-source AI model, DeepSeek-R1, which soon became the centre of attraction in the global market. Its launch caused a significant decline in technology shares worldwide during the pre-market trading and reportedly shook investors' confidence in the AI sector's strong demand for high-tech chips. Dominant AI chipmaker Nvidia's 8.4% slide led …

DeepSeek push wipes off $500 billion from AI bellweather Nvidia’s m-cap; stock tumbles 17%
1 month, 3 weeks ago

DeepSeek push wipes off $500 billion from AI bellweather Nvidia’s m-cap; stock tumbles 17%

Live Mint  

US technology stocks crashed on Monday after Chinese AI startup DeepSeek raised doubts about America's leadership in the industry. This led to a drop in shares of several chipmakers, with Nvidia, one of the world’s most valuable companies, falling more than 15 per cent on Monday in early trade. DeepSeek last week launched a free assistant it says uses less …

Nvidia shares fall after China's DeepSeek AI release triggers tech stock selloff
1 month, 3 weeks ago

Nvidia shares fall after China's DeepSeek AI release triggers tech stock selloff

Hindustan Times  

Nvidia Corp shares plunged early today during premarket trading in the US after Chinese artificial intelligence startup DeepSeek appeared to provide comparable performance to Western chatbots, but at a fraction of the price, Bloomberg reported. Chinese startup DeepSeek's eponymous AI assistant rocketed to the top of Apple Inc.'s iPhone download charts, stirring doubts in Silicon Valley about the strength of …

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