The recovery came after US chipmaker Nvidia closed up 9 per cent on Tuesday, recouping some of the heavy losses that wiped $600bn off its market capitalisation at the start of the week, when investors fretted over the threat from China’s DeepSeek to the US supremacy in artificial intelligence.
DeepSeek's claims that it cost mere millions to build fanned fears that the huge investments into AI by U.S. firms are unwarranted and a bubble waiting to pop.
Japan’s chip-related shares extended declines for a second day after DeepSeek triggered concerns over competitiveness in the artificial intelligence sector.
The Nikkei's three biggest supports were in the semiconductor sphere, led by chipmaking-equipment giant Tokyo Electron, as they tracked a record rally in U.S. peer Nvidia. However, Nissan slumped ...
DeepSeek, which was developed by a start-up based in the eastern Chinese city of Hangzhou, has shown the ability to match the capacity of AI pace-setters such as Nvidia, which sank more than 11 percent Monday, giving up some $400 billion in market value.
Major AI players, including Nvidia, Meta, Microsoft, and Alphabet, saw significant losses, with Nvidia shedding over 11% and losing $400 billion in market value. Analysts highlighted China’s growing challenge to US tech dominance.
Nvidia drops 12% as DeepSeek’s AI model challenges tech giants’ investments. Nasdaq 100 futures slide 3.5%; traders brace for Big Tech earnings.
Japan’s chip-related stocks fall as DeepSeek gained momentum, raising concerns about a challenge to America’s global leadership in artificial intelligence.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
Asian shares were mixed in thin Lunar New Year trading on Tuesday after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent
NVIDIA GeForce RTX 50 launch day in Japan sees PC gamers jumping over the fence of a next-door kindergarten to get their new RTX 5090 or RTX 5080 card.