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.
Nvidia fell more than 13% and Nasdaq 100 futures dived after the Chinese startup DeepSeek spooked investors.DeepSeek showed last week that it's quickly catching up with OpenAI's offerings.AI-related stocks including SoftBank and ASML fell sharply,
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.
Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.
Japanese technology firms sank on Tuesday, following a sharp sell-off on Wall Street after China's DeepSeek chatbot disrupted the artificial intelligence sector, raising questions about massive investments by US tech giants.
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Nvidia speaks out in support of DeepSeek’s AI models amid market crashNvidia faced a catastrophic 16.9% drop in its stock price today, its worst day on Wall Street since March 2020. The sell-off was caused by Chinese AI company
Nvidia's US$589 billion loss in stock market value is the deepest one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September. The tech-rich Nasdaq index finished down more than 3 per cent.
China’s DeepSeek challenges Nvidia and US tech leaders with cheaper AI, sparking market turbulence
Asian markets show mixed performance as Wall Street’s tech stocks fall amid concerns over Chinese AI competitor DeepSeek.
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.
The tech-rich Nasdaq tumbled early Monday as traders around Wall Street and other global bourses reacted to the emergence of a low-cost Chinese generative AI venture that has apparently overtaken
Nvidia loses $400 billion in market value as the Nasdaq plunges, driven by the rise of Chinese AI startup DeepSeek.
DeepSeek AI has shaken US markets, sparking Nvidia’s record loss and questions about innovation and competition
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