Nvidia plunges more than 13% on competition from China's DeepSeek
Nvidia (NVDA) stock collapsed at the open on Monday, down more than 11.1% at the time of writing, due to China releasing an artificial intelligence (AI) platform called DeepSeek that many experts say could dethrone US company’s lead in the AI realm.
The Nasdaq could face market-cap losses of nearly $1 trillion if premarket declines hold into the close of trading.
Nvidia, Microsoft, and Alphabet were among the market's top losers on Monday as the rise of DeepSeek rattled investors.
Asian equities were mixed overnight as Hong Kong, Mainland China, Thailand, and South Korea all underperformed while Taiwan ...
China announced new measures to promote the development of index investment products, its latest effort to shore up the ...
Wall Street's tech giants dragged US frontline indices on Monday after China's AI startup DeepSeek rattled Silicon Valley and ...
Why did Apple suffer an 18.2 percent decline in holiday quarter iPhone sales in China? Chinese consumers prefer smartphones from rivals, noted Bloomberg. Huawei’s sales increased 15.5 percent in the ...
Analysts see China’s latest initiatives injecting at least 1 trillion yuan ($138 billion) of additional flows in 2025 into ...
Denton Peng, the onetime “solar king” of China who was briefly the country’s youngest billionaire, emigrated to California in ...
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