Reported about 10 hours ago
The stock market experienced significant volatility following the revelation of an efficient AI model from the Chinese start-up DeepSeek, impacting major players like Nvidia, which saw its shares drop 17%. While semiconductor stocks suffered due to fears of reduced AI infrastructure spending, software companies benefited from the potential for lower operational costs. Notably, Meta Platforms rose 6.4% bolstered by positive earnings and alignment with open-source AI, while ServiceNow faced challenges after disappointing financial results.
Source: YAHOO