Some retail shareholders have viewed the slump in the computing giant’s share price as a buying opportunity, piling into the Nasdaq following a brutal sell-off.
The emergence of a cheaper artificial-intelligence model that saw hundreds of billions of dollars wiped from Nvidia Corp.’s valuation is a welcome disruption to the tech sector, said the head of AustralianSuper.
NVIDIA Corporation suffered a $600 billion loss on January 27 after Chinese AI company DeepSeek announced their R1 AI model could compete with US juggernauts such as ChatGPT at a fraction of the cost and resource use.
Australia's science minister has raised privacy concerns over China's breakout AI chatbot DeepSeek, urging users to think carefully before downloading it. Developed by a China-based technology startup, the DeepSeek chatbot has astounded industry insiders and upended financial markets since it was released last week.
The local share market failed to hang on to mid-session gains, closing in the red. It followed a technology rout on Wall Street, fuelled by the rapid rise of Chinese AI start up DeepSeek. Here's how the trading day played out,
TOKYO: Japanese tech stocks fell sharply for a second day running on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a
Investors are divided over whether the Nvidia party will continue or if this semiconductor stock is overvalued and set to crash.
Your super fund may have taken a hit in the short term today. But in the long term, all of us will profit from the AI race, not just the tech billionaires.
DeepSeek risks becoming a greater threat to national security than Chinese-owned social media platform TikTok, former Victorian innovation minister Phil Dalidakis says, while the Tech Council of Australia warns the nation risks becoming obliterated in the artificial intelligence race without urgent government action.
Chinese start-up DeepSeek may have just upended conventional thinking on how to train AI models. As a result, these US AI stocks tumbled.
Jensen Huang's damaging comments about quantum computing caused major turbulence for the Berkeley-based Rigetti Computing's stock. But that's not the end of the story.
As markets grapple with the potential ramifications of China’s DeepSeek breakthrough, the initial response from fund managers and analysts is surprisingly constructive for stocks.