S&P 500 Gains and Losses Today: AI Stocks Plunge as DeepSeek Model Gains Traction

The S&P 500 fell 1.5% on Monday, Jan. 27, as a Chinese startup's cost-efficient and high-performing AI model sent shockwaves ...
Benzinga.com

Nvidia Says DeepSeek An 'Illustration' Of How New AI Models Can Be Created While Being Export-Control Compliant Amid $600 Billion Market Value Plunge

Nvidia Corp. (NASDAQ:NVDA) has acknowledged China’s DeepSeek R1 artificial intelligence model. The startup’s emergence coincided with a $600 billion decline in Nvidia’s market value on Monday. What ...
Deadline.com

U.S. Tech Stocks Pummeled As Cheaper Chinese AI Model Gains Traction

The Nasdaq dropped like a stone Monday as tech stocks, inflated for the past year by the promise of artificial intelligence, took a dive. The trigger was Chinese company DeepSeek, which last week ...
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DeepSeek AI model sends shockwaves through US tech firms as stocks plunge

The emergence of Chinese artificial intelligence firm DeepSeek rocked US tech giants’ stocks on Monday night amid concerns that the new low-cost AI model would upend their dominance. Tech shares ...