Nvidia tumbles and tech stocks slide premarket as China's DeepSeek spooks AI investors
DeepSeek topped the Apple AppStore chart and sparked fears the Chinese company is quickly catching up with OpenAI's ChatGPT while costing far less.
Stock Market Today: Tech stocks crash, Nvidia tumbles on China AI threat
The Nasdaq could face market-cap losses of nearly $1 trillion if premarket declines hold into the close of trading.
Global Tech Stocks Plunge as China’s DeepSeek Undercuts Rivals
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Tech stocks fall sharply as China’s DeepSeek sows doubts about AI spending
Some Chinese tech stocks advanced today amid the excitement over DeepSeek, although the wider CSI 300 index closed down 0.4 per cent. In Hong Kong Baidu closed 4 per cent up and Alibaba was up 3 per cent. “Tech is up today and the overall sentiment is quite positive in China”, said Wei Li, Head of multi-asset Investments for China at BNP Paribas.
Tech stocks plunge as China ‘delivers AI wake-up call’
Venture capitalist Marc Andreessen, a close advisor to Trump, described it as “AI’s Sputnik moment” - a reference to the Soviet satellite launch that sparked the Cold War space race. Scale AI’s Wang wrote on X that DeepSeek “is a wake up call for America”.
Nasdaq futures tumble as China's AI push rattles Big Tech
Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap stocks including Nvidia the worst hit.
China's ChatGPT moment: Tech stocks fall as U.S. lead in AI race may be at risk
Tech stocks slide as Chinese AI startup DeepSeek triggers fears of China overtaking the U.S. in the AI race. Read more.
Chip Stocks Tumble After China’s DeepSeek AI Models Raise Doubts Over U.S. Tech Dominance
Global chip stocks slumped Monday on DeepSeek revealing it had developed AI models that nearly matched American rivals despite using inferior chips.
Asia equities slide with US stock futures on China's AI push; dollar firms
U.S. stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.
Japan chip stocks fall as DeepSeek's challenge to U.S. AI dominance raises worries for Asian tech firms
Japan's chip-related stocks fall as DeepSeek gained momentum, raising concerns about a challenge to America's global leadership in artificial intelligence.
Nasdaq Futures slump as China’s DeepSeek sparks US tech concern
US stock index futures tumbled in early Asian trading hours Monday amid concerns that an artificial intelligence model from China’s DeepSeek may disrupt the tech market. S&P 500 futures fell as much as 1 per cent as of 10:12 am in Hong Kong,
Some China Stocks Are Rising on AI Optimism. Japan, Europe Indexes Fall.
The news that a Chinese start-up has created an artificial intelligence bot to rival ChatGPT at a fraction of the cost is spearheading stock losses across the globe on Monday. Not even China was ...
China Market Update: Like A Good Neighbor, Chinese Insurance Companies Are There To Buy Stocks
Asian equities ended the week on a high note, as Mainland China and Hong Kong outperformed and the Philippines underperformed ...
China’s Latest Bid to Boost Stocks Barely Moves the Needle
Authorities’ request for state-owned insurance companies and mutual funds to invest more in stocks got a lackluster market ...
Chinese Stocks Close Lower After Manufacturing Data Show Slowdown
Chinese shares closed lower, paring back the mild gains seen during the trading session. China's official manufacturing and ...
China Market Update: Are China Stocks A Trump Trade?
On Monday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index ...
China’s DeepSeek Tops iPhone Downloads and Spurs Asia Stocks
Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts ...
Money managers are eyeing these three bright spots in Chinese stocks
China’s benchmark CSI 300 Index has dropped more than 2 per cent this year, even as the majority of global equities have ...