American stocks crashed on Monday as focus shifted to the upcoming Federal Reserve interest rate decision and as concerns about DeepSeek’s success. Futures tied to the Dow Jones index fell by over 1%,
For the better part of two years, artificial intelligence technologies have been a nonstop gift for US equities investors. The Nasdaq 100 Index rose 92% from the start of 2023, adding more than $14 trillion in value and minting billions for a handful of tech executives and founders.
Chinese startup DeepSeek’s app has climbed to the top of the iPhone charts as its newest AI assistant showed competitive performance against rivals like OpenAI and Meta.
Nasdaq 100 Technology Sector Index has crashed -3.5 per cent during the opening trade on Monday, January 27. The index was trading at 10,629.22 around 8:22 PM IST. Tech companies stocks have fallen sharply over the fear of new LLM model being released by Chinese firm DeepSeek.
The conventional wisdom in AI has long been that cutting-edge performance comes with a cutting-edge price tag. DeepSeek is turning this notion on its head.
A Chinese artificial intelligence startup’s latest AI model spooked markets Monday, leaving U.S. and European technology stocks on track for a $1 trillion wipeout, just a week after President Donald Trump threw his weight behind a $500 billion private sector investment in AI infrastructure.
ASML shares jump 9% as strong chip orders ease AI spending fears. Traders eye semiconductor stocks as demand for high-end chips remains resilient.
US stock futures gained, extending their recovery from an AI-driven rout at the start of the week as traders shifted focus to big-tech earnings and the Federal Reserve’s interest-rate decision.
Elon Musk and Palmer Luckey among tech leaders to cast doubts on Chinese startup’s claimed budget and chip use.
China’s Deepseek AI News Live Updates: The tech world has been rattled by a little-known Chinese AI startup called DeepSeek that has developed cost-efficient large language models said to perform just as well as LLMs built by US rivals such as OpenAI, Google, and Meta.
Stock futures were near the flatline on Tuesday evening as investors turned toward the first Federal Reserve interest rate decision of 2025. Futures tied to the Dow Jones Industrial Average inched down 11 points, or 0.02%. Nasdaq 100 futures were 0.06% higher, while S&P 500 futures were flat.
Wall Street's tech giants dragged US frontline indices on Monday after China's AI startup DeepSeek rattled Silicon Valley and hit the top of Apple’s App Store chart