Nvidia drops nearly 17% as China's cheaper AI model DeepSeek sparks global tech sell-off
Publishing timestamp: 2025-01-27 10:17:53
Summary
U.S. technology firms like Nvidia plunged after Chinese startup DeepSeek sparked concerns over competitiveness in AI and America's lead in sector. DeepSeek launched a free, open-source large language model, raising questions about the large investments made by big tech companies in artificial intelligence models and data centers. This led to a global sell-off, with Nvidia and other U.S. technology firms experiencing significant losses. DeepSeek's advancements have raised concerns about the U.S. not leading the AI sector as much as previously believed.
Sentiment: NEGATIVE
Tickers: ASML-NL, AVGO, MU, AMZN, ARM, VST, ASM-NL, AMD, CEG, 2760.T-JP, MSFT, NVDA, 6857.T-JP,
Keywords: business news, broadcom inc, technology, asml holding nv, amazon.com inc, vistra corp, breaking news: technology, arm holdings plc, microsoft corp, markets, advanced micro devices inc, asm international nv, united states, constellation energy corp, tokyo electron device ltd, advantest corp, nvidia corp, breaking news: markets, micron technology inc,