Nvidia suffers record $279 billion loss in market value as Wall Street drops
6 months, 3 weeks ago

Nvidia suffers record $279 billion loss in market value as Wall Street drops

The Hindu  

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. Worries about slow payoffs from hefty AI investments have dogged Wall Street's most valuable companies in recent weeks, with shares of Microsoft and Alphabet trading lower following their quarterly reports in July. Nvidia's record one-session loss in stock market value was greater than the $232 billion decline suffered by Facebook-owner Meta Platforms on Feb. 3, 2022, when the social media company issued a dismal forecast, according to LSEG data.

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History of this topic

Nvidia falls over 4% in one week: Will CEO Jensen Huang’s keynote address spark a stock rebound?
5 days, 21 hours ago

Nvidia falls over 4% in one week: Will CEO Jensen Huang’s keynote address spark a stock rebound?

Live Mint  

Chipmaking giant Nvidia Corporation's shareholders expect that the keynote speech from their Chief Executive Officer, Jensen Huang, will deliver enough optimism to fuel the stock's recent rebound, reported the news agency Bloomberg on Sunday, March 23. Nvidia Share Price Nvidia shares closed 0.05 per cent lower at $117.64 after Friday, March 21, US markets session, compared to $117.70 at the …

Wall Street today: US stock indices mixed, Intel jumps 8%, Tesla dips over 6%, Nvidia loses 1.8%
1 week, 4 days ago

Wall Street today: US stock indices mixed, Intel jumps 8%, Tesla dips over 6%, Nvidia loses 1.8%

Live Mint  

US stock indices moved in different directions on Monday after mixed economic data and ahead of talks between US President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war. While a separate report showed New York State factory activity fell by the most in nearly two years, with new orders dropping sharply and input prices climbing …

Don’t go all-in on Nvidia stock. Here’s how to play the AI trade now.
2 weeks, 4 days ago

Don’t go all-in on Nvidia stock. Here’s how to play the AI trade now.

Live Mint  

The best strategy for buying the dip in artificial intelligence stocks isn’t going all in on Nvidia. While Nvidia is looking more attractive than it did two months ago, allocating all of one’s AI money to the company comes with the risk that it loses data center chip market share to the likes of Broadcom and Advanced Micro Devices. “Investors …

Explained: Why IT stocks like TCS, Infosys, Tech Mahindra are falling today
1 month ago

Explained: Why IT stocks like TCS, Infosys, Tech Mahindra are falling today

India Today  

The sharp decline in information technology stocks was one of the key factors behind Friday’s stock market crash. Tech Mahindra was the biggest loser among IT stocks, down nearly 5.5% at the time of publishing this report; Wipro was also down nearly 5%. IT stocks fell sharply due to the impact of Donald Trump’s latest announcement on tariffs that have …

Nvidia is far from running out of road
1 month ago

Nvidia is far from running out of road

Live Mint  

Nvidia’s fiscal fourth-quarter report late Wednesday continued the AI titan’s string of impressive results. Nvidia’s total company revenue of $39.3 billion in the quarter ended Jan. 26 was up 78% from the same period last year. The company’s revenue projection of $43 billion for the April quarter also exceeded Wall Street’s forecast—abating some fears that the transition to the Blackwell …

Stock market today: Wall Street falls sharply as Nvidia tumbles 8.5% and AI mania falters
Trending News
1 month ago

Stock market today: Wall Street falls sharply as Nvidia tumbles 8.5% and AI mania falters

Associated Press  

NEW YORK — U.S. stock indexes fell sharply Thursday as Wall Street’s frenzy around artificial-intelligence technology faltered some more. Concerns about the U.S. economy’s future have been behind much of the drop, including worries about how tariffs pushed by President Donald Trump could worsen inflation, and Wall Street’s main measure of health has lost all but 1.4% of its rally …

Nvidia share price gains over 3%; revenue, profit growth beats estimates with upbeat guidance
Trending News
1 month ago

Nvidia share price gains over 3%; revenue, profit growth beats estimates with upbeat guidance

Live Mint  

Nvidia share price rallied over 3% in regular trading on Wednesday, before declining slightly in choppy extended trading, as the tech giant reported its fourth quarter results. For the three months that ended January 26, Nvidia posted revenue of $39.3 billion, up 12% from the previous quarter and 78% from one year ago, beating estimates of $38.04 billion. Nvidia has …

Wall Street falls sharply as Nvidia tumbles 8.5% and AI mania falters
Trending News
1 month ago

Wall Street falls sharply as Nvidia tumbles 8.5% and AI mania falters

LA Times  

The New York Stock Exchange is seen in New York on Wednesday. U.S. stock indexes fell sharply Thursday as Wall Street’s frenzy around artificial-intelligence technology faltered some more. Concerns about the U.S. economy’s future have been behind much of the drop, including worries about how tariffs pushed by President Trump could worsen inflation, and Wall Street’s main measure of health …

Nvidia sales surge in the fourth quarter on demand for AI chips
Trending News
1 month ago

Nvidia sales surge in the fourth quarter on demand for AI chips

Associated Press  

LOS ANGELES — Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which power artificial intelligence systems continued to grow. “Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,” Nvidia …

Nvidia Q4 Results Today: Will Silicon Valley’s AI leader lift Wall Street’s ‘Mag Seven’ from correction territory?
1 month ago

Nvidia Q4 Results Today: Will Silicon Valley’s AI leader lift Wall Street’s ‘Mag Seven’ from correction territory?

Live Mint  

Nvidia Q4 Results Today: Nvidia’s fourth-quarter earnings due after Wednesday’s close may be its most critical yet, coming after the emergence of China-based startup DeepSeek scrambled the outlook for AI infrastructure needs. Nvidia's much-awaited results - seen as a barometer of AI chip demand - on Wednesday could prove to be a turning point for the artificial intelligence stocks that …

Wall Street is anxiously watching Nvidia earnings again. What to know, by the numbers
1 month ago

Wall Street is anxiously watching Nvidia earnings again. What to know, by the numbers

Associated Press  

Wall Street is once again fixated on Nvidia, as the main player in the artificial intelligence mania is set to report earnings after the bell Wednesday and give an update on demand for its semiconductors, which are used to power AI applications. Nvidia’s market value saw a one-day drop of nearly $600 billion after the news came out. $3.101 trillion …

Nvidia doubled profits in 2024. And its outlook is rosy despite AI jitters
1 month ago

Nvidia doubled profits in 2024. And its outlook is rosy despite AI jitters

CNN  

New York CNN — Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the results say about the artificial intelligence industry. Expectations were heightened heading into Wednesday’s report given Nvidia’s role as a barometer of the broader tech …

Wall Street rises just enough to break its 4-day losing streak
1 month ago

Wall Street rises just enough to break its 4-day losing streak

LA Times  

U.S. stock indexes drifted to a mixed finish Wednesday after climbing in the morning but then running out of steam. It was the first earnings report for the company and its chief executive, Jensen Huang, since a Chinese upstart, DeepSeek, upended the AI industry by saying it developed a large language model that can compete with big U.S. rivals without …

Nvidia Q4 Results Preview: Will DeepSeek impact the AI bellweather’s earnings report? Here’s what Wall Street expects
Trending News
1 month ago

Nvidia Q4 Results Preview: Will DeepSeek impact the AI bellweather’s earnings report? Here’s what Wall Street expects

Live Mint  

Nvidia Q4 Results Preview: Nvidia is all set to announce its fourth-quarter earnings on Wednesday, February 26, post-US-market hours. Silicon Valley's artificial intelligence poster child is a Wall Street heavyweight stock, part of the Magnificent Seven group, and has been a major reason for the S&P 500's recent surge to record highs, with the latest coming last week. Wall Street …

Why Nvidia’s earnings are important to the entire U.S. stock market
Trending News
1 month ago

Why Nvidia’s earnings are important to the entire U.S. stock market

Associated Press  

LOS ANGELES — Sales of Nvidia’s artificial intelligence chip Blackwell will be top of mind when the company releases its latest financial results Wednesday, with analysts eyeing future demand amid a Chinese upstart’s claim that it can train competitive AI models using far fewer resources. The chip company has grown into the second-largest company on Wall Street, which means the …

Wall Street falls as U.S. consumers get more pessimistic about inflation, tariffs
1 month ago

Wall Street falls as U.S. consumers get more pessimistic about inflation, tariffs

LA Times  

A large U.S. flag is displayed on the New York Stock Exchange. The U.S. stock market has been generally struggling since the middle of last week after several weaker-than-expected reports on the economy thudded onto Wall Street. Some of Wall Street’s brightest stars lost more of their shine Tuesday after another report said U.S. households are getting more pessimistic about …

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 …

Microsoft and Meta’s AI splurge still not enough for Nvidia
1 month, 4 weeks ago

Microsoft and Meta’s AI splurge still not enough for Nvidia

Live Mint  

That was what Microsoft and Meta Platforms have in combined capital spending in the December-ended quarter, according to the companies’ earnings reports Wednesday afternoon. And that follows a bruising run that has already clipped around 15% off the company’s stock price since last week, when a Chinese AI startup published claims about developing an advanced AI model at a fraction …

‘People don’t know what they own’: Experts explain DeepSeek-related record sell-off after Nvidia shares rise
1 month, 4 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
2 months 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
2 months 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 …

Nvidia share price ends nearly 9% higher amid recovery after biggest single-session loss; Nasdaq gains 2%
2 months ago

Nvidia share price ends nearly 9% higher amid recovery after biggest single-session loss; Nasdaq gains 2%

Live Mint  

Nvidia share price recovered on Tuesday after a sharp slump in the previous session caused by concerns over China’s DeepSeek. The recovery in AI darling Nvidia shares came a day after the stock saw a sharp 17% drop, erasing about $593 billion from its market value in the biggest single-session loss for any company on Wall Street. Nvidia stock technicals …

Nvidia is in danger of losing its monopoly-like margins
2 months 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 a reckoning as Chinese upstart raises questions about Wall Street’s darling
2 months 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
2 months 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 …

US tech shares recover some losses from steep DeepSeek selloff
2 months ago

US tech shares recover some losses from steep DeepSeek selloff

Live Mint  

By Sinéad Carew, Medha Singh, Amanda Cooper NEW YORK/BENGALURU/LONDON -Technology shares on Tuesday regained some ground lost and AI chip leader Nvidia rose more than 6% after the previous day's record-breaking wipeout sparked by a low-cost Chinese artificial intelligence model that threatens the dominance of U.S. rivals. Monday's selloff was prompted by the release of a free AI assistant launched …

DeepSeek is a lesson from history we should have learned by now
2 months 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: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?
2 months 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 …

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

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

‘Wake-up call’: How a Chinese startup could rock Trump’s stock market
2 months ago

‘Wake-up call’: How a Chinese startup could rock Trump’s stock market

Politico  

“A Chinese AI company releasing such a capable open-source model should be a wake-up call for America,” Chamath Palihapitiya, a major Silicon Valley investor, Trump donor and co-host of the popular “All-In” Podcast, wrote in his Substack. Last week, he signed an executive order to boost the technology, which he said would drive growth, “enhance our economic and national security, …

How China's DeepSeek shook up US markets, by the numbers
2 months ago

How China's DeepSeek shook up US markets, by the numbers

India Today  

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence. DeepSeek had already hit the top of the chart for free apps on Apple’s App Store by Monday morning, and analysts said such a feat would be particularly impressive given how the U.S. government has restricted Chinese access to top AI chips. …

Nvidia and other tech stocks win back some of Monday’s sharp losses
2 months ago

Nvidia and other tech stocks win back some of Monday’s sharp losses

LA Times  

Rebounding tech stocks drove U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial intelligence frenzy really needs all the dollars being poured into it. “We think this acceleration in adoption could mean a rise in software investment that offsets — or even dwarfs — any deceleration in spending on data center structures, hardware and …

Nvidia plunges $593 billion as DeepSeek soars, biggest market loss in history
2 months ago

Nvidia plunges $593 billion as DeepSeek soars, biggest market loss in history

India Today  

US stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on US dominance and spending in one of the market's hottest sectors. Overnight, chipmaker Nvidia dived 17 per cent, wiping off nearly USD 593 billion in the biggest market …

Tech stocks tumble as DeepSeek threatens to upend the AI industry; Nvidia down 17%
Trending News
2 months ago

Tech stocks tumble as DeepSeek threatens to upend the AI industry; Nvidia down 17%

The Hindu  

Wall Street’s superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they've been feasting on. DeepSeek’s app had already hit the top of Apple’s App Store chart by Monday morning, and analysts said such a feat would be particularly impressive given how the U.S. government has restricted Chinese access to top AI chips. Skepticism …

Nasdaq, S&P 500 fall; China’s DeepSeek AI model hits tech shares
2 months ago

Nasdaq, S&P 500 fall; China’s DeepSeek AI model hits tech shares

The Hindu  

The S&P 500 and the Nasdaq ended sharply lower on Monday as Nvidia and other chipmakers sold off after surging popularity of a low-cost Chinese artificial intelligence model raised investor worries about the outlooks for current AI leaders in the United States. Chinese startup DeepSeek has rolled out a free assistant it says uses cheaper chips and less data, raising …

Wall Street Today: Tech-heavy Nasdaq down 4%, Nvidia crashes 17%; What’s behind the US stock market rout? 5 key factors
2 months ago

Wall Street Today: Tech-heavy Nasdaq down 4%, Nvidia crashes 17%; What’s behind the US stock market rout? 5 key factors

Live Mint  

Wall Street Today: US stocks dropped sharply on Monday, January 27, led by technology shares, after surging interest in Chinese startup DeepSeek's low-cost artificial intelligence model rattled Silicon Valley. Here are five key factors that weigh on the US stock market sentiment: 1.China's AI powerhouse DeepSeek rattles Silicon Valley DeepSeek’s app had already hit the top of Apple’s App Store …

Wall Street down in premarket trading: Top tech losers
2 months ago

Wall Street down in premarket trading: Top tech losers

Hindustan Times  

Wall Street on Monday was forecast to open sharply lower after the launch of the affordable and low-data Chinese generative AI programme that can outperform big-name rivals like ChatGPT, notably in the United States. Wall Street already took a hit Friday following the launch of the Chinese DeepSeek artificial intelligence programme last week. The following shares experienced a hit today …

Nasdaq down 3% as China's AI startup shakes Big Tech stocks; Nvidia shares down 11%
2 months ago

Nasdaq down 3% as China's AI startup shakes Big Tech stocks; Nvidia shares down 11%

Hindustan Times  

Chinese artificial intelligence startup DeepSeek on Monday led to slump in technology shares across the world. US Stock Market LIVE updates Leading chipmaker Nvidia saw its shares drop by 11 per cent in early trading. It led the losses among heavyweight tech stocks that had powered Wall Street's main indexes to record levels. How European tech stocks fared According to …

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

US Stock Market Highlights: Nvidia shares drop 17%, lose 560 billion in market cap
2 months ago

US Stock Market Highlights: Nvidia shares drop 17%, lose 560 billion in market cap

Hindustan Times  

Nasdaq is one of the two major stock exchanges in the United States. US Stock Market Highlights: United States' stock exchange Nasdaq was down at open, after stocks including that of Nvidia tumbled in pre-market trading. Nasdaq futures lost 5%, on concern that a cheaper artificial intelligence model from China threatens the dominance of US technology, Bloomberg reported. Chinese startup …

Chipmakers including Nvidia suffer declines after exhibit from China’s DeepSeek AI technology
2 months ago

Chipmakers including Nvidia suffer declines after exhibit from China’s DeepSeek AI technology

Associated Press  

NEW YORK — Wall Street’s superstars tumbled Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. DeepSeek had already hit the top of the chart for free apps on Apple’s App Store by Monday morning, and analysts said such a feat would be particularly impressive given how the U.S. government has restricted Chinese …

DeepSeek's 'Sputnik Moment' sends Nvidia and AI giants reeling amid cost revolution
2 months ago

DeepSeek's 'Sputnik Moment' sends Nvidia and AI giants reeling amid cost revolution

India Today  

Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on Western companies' dominance in this sector. Startup DeepSeek last week launched a free assistant it says uses less data at a fraction of the cost of incumbent players' models, possibly marking a turning …

China’s DeepSeek causes rout among AI-linked stocks, Nvidia shares tumble
2 months ago

China’s DeepSeek causes rout among AI-linked stocks, Nvidia shares tumble

Al Jazeera  

Shock to financial markets comes from Chinese firm whose AI app it says was made at a fraction of US AI models. Marc Andreessen, a Silicon Valley venture capitalist, said in a post on X on Sunday that DeepSeek’s R1 model was AI’s “Sputnik moment”, referencing the Soviet Union’s launch of a satellite that marked the start of the space …

Nvidia share price sees biggest single-day fall in four months; slumps over 6% after notching record high
2 months, 3 weeks ago

Nvidia share price sees biggest single-day fall in four months; slumps over 6% after notching record high

Live Mint  

Nvidia share price declined more than 6% on Tuesday, marking the biggest single-day fall in four months, a day after shares closed at a record high. The company wants its products to be the heart of a future tech world with a billion humanoid robots, 10 million automated factories, and 1.5 billion self-driving cars and trucks, Bloomberg reported. Additionally, Nvidia …

Nvidia and other tech stocks pull Wall Street higher
2 months, 3 weeks ago

Nvidia and other tech stocks pull Wall Street higher

LA Times  

A trader works on the floor of the New York Stock Exchange at the start of the new year. Uber Technologies drove 2.7% higher after the ride-hailing app company said it would accelerate $1.5 billion in purchases of its own stock, part of a previously announced $7-billion buyback program. In the old economy, U.S. Steel climbed 8.1% after it and …

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