The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia and AI-backer Microsoft.
The tech-heavy Nasdaq Composite ( ^IXIC) sank roughly 3.5%, while the S&P 500 ( ^GSPC) tumbled over 2%. The Dow Jones Industrial Average ( ^DJI) fell 0.5%, or more than 200 points, on the heels of a ...
Stocks across Asia lost ground on Monday as worries about Chinese AI company DeepSeek reverberated. The company's discounted R1 model knocked tech stocks, sending the Nikkei ( ^N225) in Japan 0.9% ...