Reported 3 days ago
Wall Street is expected to open significantly lower due to a surge in popularity of a new Chinese AI model from DeepSeek, which is challenging established tech giants like Nvidia, causing a selloff in their shares. DeepSeek's AI Assistant has become the top-rated free app on the Apple App Store, raising concerns among investors about potential disruptions in the AI industry. As a result, major companies including Nvidia, Microsoft, and Alphabet saw notable declines in their stock prices ahead of earnings reports this week.
Source: YAHOO