Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China. The S&P 500 fell 1.8% in early trading Monday.
Major US tech stocks like Nvidia, Microsoft, Meta and Tesla were set for a stunning $1 trillion rout on Monday – as fears over an advanced Chinese artificial intelligence model triggered hysteria from Wall Street to Silicon Valley.
Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.
Wall Street's main indexes opened lower on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.
Tired of trailing OpenAI, Chief Executive Sundar Pichai wants his Gemini chatbot to be used by 500 million people.
Shares of Nvidia tumbled Monday after the release of a sophisticated artificial intelligence model from a Chinese startup prompted a reckoning regarding AI spending on Wall Street.
Meta Platforms and Salesforce have seen their share prices increase 350% and 115%, respectively, in the last two years. Meta Platforms is using artificial intelligence to better engage users across its industry-leading portfolio of social media properties.
A Chinese AI startup just upended the trillion-dollar AI race--sending Nvidia, Microsoft, and the Nasdaq into freefall.
U.S. tech stocks plunged on Monday, amid a wider market selloff. The culprit: DeepSeek, a Chinese artificial intelligence company that last week introduced a new — and low-cost — model into the red-hot A.I. tech market.
This major Wall Street analyst firm just revised its Google stock price target, while retaining its previous rating.
DeepSeek R1, the surprisingly efficient and powerful Chinese AI model, has taken the technology industry by storm and is rattling nerves on Wall Street.
Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China