Shares in Nvidia, the leading US AI firm, dropped by 17 percent yesterday, the biggest one-day loss to the market capitalisation of a company in history, after the announcement by Chinese firm DeepSee

Major US tech stocks like Nvidia, Microsoft, Meta and Tesla were set for a stunning $1 trillion rout on Monday – as fears over an advanced Chinese artificial intelligence model triggered hysteria from Wall Street to Silicon Valley.

The launch of Deepseek has been framed as the AI race’s Sputnik but the timing is dubious and questions are being asked about whether the tech is really as game-changing as its creators claim. Either way,

In today’s CEO Daily: Diane Brady on the DeepSeek fallout in Silicon Valley. Analyst notes from Baird, Jefferies, JP Morgan, and Wedbush express skepticism about DeepSeek’s claims.

Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.

Since Chinese AI company DeepSeek released an open version of its reasoning model R1 at the beginning of this week, many in the tech industry have been

DeepSeek R1, the surprisingly efficient and powerful Chinese AI model, has taken the technology industry by storm and is rattling nerves on Wall Street.

Wariness is passé on Wall Street. Cautious uncertainty over lingering inflation and geopolitical turbulence have been replaced by giddiness over the deregulatory bonanza financial firms expect President Donald Trump’s administration to deliver.

China has astonished the artificial intelligence community with a new model that runs at the fraction of the cost of American “frontier” models. DeepSeek is almost as good too and it has published the source code,

Broadcom stock is struggling for direction Tuesday after the chipmaker fell sharply Monday following the release of DeepSeek, a cheap AI chatbot.

Major AI players, including Nvidia, Meta, Microsoft, and Alphabet, saw significant losses, with Nvidia shedding over 11% and losing $400 billion in market value. Analysts highlighted China’s growing challenge to US tech dominance.

While AI stocks may rebound from their DeepSeek-induced market sell-off, the U.S. clearly faces a threat from China in artificial intelligence. What you should know.