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US Stock Market LIVE: Wall Street sinks after China's AI push rattles Big Tech; Nvidia crashes 12% on DeepSeek fear
Wall Street is tumbling Monday on fears that the market's winners who have feasted on the AI frenzy are under threat from a competitor in China that can do similar things for much cheaper.
Markets latest: Nvidia leads Wall Street sell-off in Big Tech stocks
The tech-heavy Nasdaq Composite index slid 3.5 per cent shortly after the opening bell, while the broader S&P 500 fell about 2 per cent. Nvidia, which surged last year on bets that Big Tech companies would require vast numbers of advanced chips to power their AI models, sold off by 13 per cent.
Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under ...
Chinese AI DeepSeek rattles Silicon Valley. Meta offering creators deals to promote Instagram on other apps: report.
Wall Street is expected to open lower on Monday on the back of the arrival of DeepSeek, a ChatGPT rival that venture ...
U.S. President-elect Donald Trump has told advisers he wants to travel to China after he takes office, the Wall Street ...
Apple faced two downgrades ahead of earnings, with analysts citing weak iPhone demand. China continues to be a headwind for ...
Existing home sales climbed 2.2% in December to a seasonally adjusted annual rate of 4.24 million, according to the National ...
Wall Street’s main indexes opened lower on Monday (Jan 27), as the surging popularity of a low-cost Chinese artificial ...
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