Jan 27, 2025 | Markets
DeepSeek’s AI chatbot fueled a selloff in Nvidia, tech stocks Nvidia is responsible for 8 of 10 largest market value drops Nvidia Corp.’s plunge, fueled by investor concern about Chinese artificial-intelligence startup DeepSeek, erased a record amount of stock-market...
Jan 27, 2025 | Markets
Nasdaq 100 drops 3% for worst day in six weeks; Dow climbs ‘AI dominance cannot be taken for granted,’ Saxo’s Chanana For the better part of two years, artificial intelligence technologies have been a nonstop gift for US equities investors. The Nasdaq 100 Index rose...
Jan 27, 2025 | Markets
Stocks sink as Chinese AI startup threatens US tech dominance Yen, swiss franc advance as part of demand for havens Treasuries rallied as investors flocked to the safety of US government bonds after equities slumped in a selloff driven by technology shares. The...
Jan 27, 2025 | Markets
Nvidia Corp., the biggest provider of chips used to train artificial intelligence software, said a new model released by Chinese startup DeepSeek is an “excellent AI advancement” that complies with US technology export controls. “DeepSeek’s work illustrates how new...
Jan 27, 2025 | Markets
Leveraged Nvidia funds face steep selloff amid AI market rout Retail investors have bet billions on risky momentum trades Day traders spent last year shoving billions of dollars into leveraged Nvidia Corp. ETFs in a bid to amp up their gains on the hottest stock on...
