Nvidia shares shed 10%, shaving off at least $200 billion
10 months, 3 weeks ago

Nvidia shares shed 10%, shaving off at least $200 billion

The Hindu  

Nvidia shares fell by 10% in the last day, sending shockwaves through the tech sector as the company lost over $200 billion in value. Analysts pointed to pressure on the semiconductor industry, upcoming earnings reports, and a fall in stock prices of Nvidia vendor Super Micro Computer, as possible factors behind Nvidia’s own falling stock value. Apart from Nvidia, a few other major tech companies also saw plunging stock prices this week, as Apple fell by 5.39% in the past five days, while Tesla dropped by 12.24% in the same period, and Microsoft fell by 4.18% in the past five days. In late May last year, Nvidia became a $1 trillion company as the generative AI boom triggered both businesses and giants in the sector to invest in the high-end hardware and chips required to power the computing processes underlying popular large language models like ChatGPT.

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History of this topic

Nvidia is far from running out of road
2 weeks, 2 days 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 …

Nvidia sales surge in the fourth quarter on demand for AI chips
2 weeks, 3 days ago

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

The Hindu  

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialised Blackwell chips, which power artificial intelligence systems, continued to grow, sending the company's stock higher after hours. “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 …

Stock market today: Wall Street falls sharply as Nvidia tumbles 8.5% and AI mania falters
Trending News
2 weeks, 3 days 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
2 weeks, 3 days 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
2 weeks, 3 days 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 Q4 Results Today: Will Silicon Valley’s AI leader lift Wall Street’s ‘Mag Seven’ from correction territory?
2 weeks, 3 days 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
2 weeks, 3 days 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
2 weeks, 4 days 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 …

Why Nvidia’s earnings are important to the entire U.S. stock market
Trending News
2 weeks, 4 days 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 …

Nvidia has leapt back into the AI game as panic over DeepSeek ebbs
3 weeks, 2 days 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 …

This stock has been moving in tandem with Nvidia. How deep do the parallels run?
1 month, 1 week ago

This stock has been moving in tandem with Nvidia. How deep do the parallels run?

Live Mint  

Artificial intelligence is a key emerging theme that promises to reshape the future. How deep the parallels run Even as Netweb Technologies is involved in developing AI GPU systems in partnership with Nvidia, the latter operates on a much larger scale. Netweb's unique challenges Going by the distinctly different business dynamics and client-profiles of Netweb versus Nvidia, AI disruption will …

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

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

Nvidia share price ends nearly 9% higher amid recovery after biggest single-session loss; Nasdaq gains 2%
1 month, 2 weeks 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 faces a reckoning as Chinese upstart Deepseek raises questions about Wall Street’s darling
1 month, 2 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, 2 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, 2 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 …

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street’s darling
1 month, 2 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, 2 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 …

US tech shares recover some losses from steep DeepSeek selloff
1 month, 2 weeks 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
1 month, 2 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: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?
1 month, 2 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 …

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

US stock market: NVIDIA share price crashes 17% on DeepSeek AI fear, loses over $600 billion market cap
1 month, 2 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 is Nvidia, why are NVDA stock prices down, and why is everyone talking about it?
1 month, 2 weeks ago

What is Nvidia, why are NVDA stock prices down, and why is everyone talking about it?

ABC  

Even if you don't pay much attention to the stock market, chances are you've heard about Nvidia and its share price today. Nvidia, which goes by the a four-letter code NVDA on the stock market, became the world's most valuable company in June last year. Nvidia suffered a blow in September, when share prices dropped by 9.5 per cent — …

‘Wake-up call’: How a Chinese startup could rock Trump’s stock market
1 month, 2 weeks 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
1 month, 2 weeks 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 plunges $593 billion as DeepSeek soars, biggest market loss in history
1 month, 2 weeks 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 …

How China’s DeepSeek shook up US markets, by the numbers
1 month, 2 weeks ago

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

New Indian Express  

News from China upset US markets Monday and disrupted the frenzy that had built up around artificial intelligence A company called DeepSeek said it had developed a large language model that can compete with US. 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 …

Tech stocks tumble as DeepSeek threatens to upend the AI industry; Nvidia down 17%
Trending News
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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%
1 month, 2 weeks 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
1 month, 2 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, 2 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 …

US Stock Market Highlights: Nvidia shares drop 17%, lose 560 billion in market cap
1 month, 2 weeks 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 …

DeepSeek push wipes off $500 billion from AI bellweather Nvidia’s m-cap; stock tumbles 17%
1 month, 2 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, 2 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 …

Chipmakers including Nvidia suffer declines after exhibit from China’s DeepSeek AI technology
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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 …

Huang Bump Seen Fading for Nvidia-Linked Stocks Riding AI Rally
2 months ago

Huang Bump Seen Fading for Nvidia-Linked Stocks Riding AI Rally

Live Mint  

-- While mention of ties to Nvidia Corp. still sparks big jumps in shares of companies around the world, the gains can prove to be short-lived and some investors are questioning whether the halo effect is fading. Samsung Electronics Co.’s stock gained over 3% last Wednesday after Nvidia founder Jensen Huang expressed confidence in the Korean firm’s memory-chip capabilities. “I …

Nvidia share price sees biggest single-day fall in four months; slumps over 6% after notching record high
2 months, 1 week 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 …

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss
2 months, 1 week ago

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss

Live Mint  

-- Samsung Electronics Co.’s shares rose after Nvidia Corp. founder Jensen Huang expressed confidence in the Korean company’s ability to resolve technical issues dogging its highest-end memory, offsetting disappointing quarterly results. Samsung has struggled to get its latest products certified by Nvidia, allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory …

Nvidia's market value gets $2 trillion boost in 2024 on AI rally
2 months, 1 week ago

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

The Hindu  

Nvidia emerged as the biggest global gainer in market capitalisation for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries. The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024, making it the second-most valuable listed company in the world. At …

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