DeepSeek, the hottest name in artificial intelligence, took a Chinese hammer to several tech companies on Monday, with Microsoft, Google and especially Nvidia seeing their stock prices take a noticeable hit.
Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
This month, Zuckerberg also announced that Meta will shut down its third-party fact-checking teams in an effort to “restore free expression” to its social media platforms. He justified the move by saying that many of the fact checkers had shown too much political bias and “destroyed more trust than they’ve created.”
The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish.
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set for their worst day since the last US Federal Reserve policy verdict roiled
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.
Silicon Valley needs to respond to Wall Street about AI when it reports quarterly results, but it doesn’t need to panic.
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
Shares of Meta Platforms ( META 0.32%) and Salesforce ( CRM -1.65%) soared 350% and 115%, respectively, over the last two years. That price appreciation makes both companies stock-split candidates in 2025. More importantly, Wall Street is generally bullish on Meta Platforms and Salesforce, and certain analysts anticipate material upside.
China may be about to burst Silicon Valley's AI bubble — and Wall Street is freaking out ... Sponsor Message Google, Microsoft, Apple, Meta and other big tech companies have poured billions ...