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Investors dump tech stocks after record $593 billion Nvidia loss
Global investors dumped tech stocks on Monday, worried that the emergence of a low-cost Chinese artificial intelligence model ...
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Japanese Tech Stocks Hit By AI Fears, Dollar Boosted By Tariff Talk
The retreat came after DeepSeek unveiled its R1 chatbot that has shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by American companies.
China’s DeepSeek AI model and US trade policy in focus amid big week for markets
“In this high-stakes backdrop, the US tech sector finds itself under multiple microscopes, magnified by shockwaves emanating ...
Jensen Huang lost close to 20% of his net worth on Monday after DeepSeek roiled the AI industry
Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.
Nvidia’s Jensen Huang suffers a $20 billion blow to his net worth following DeepSeek bloodbath—it’s the biggest one-day loss in history
Huang, who cofounded Nvidia in 1993, owns roughly 3.4% of the company, according to Bloomberg. Indeed, the tech giant took a bit of a stumble yesterday, losing around $600 billion in market cap as ...