Nvidia's stock plummeted 17%, wiping out $589 billion in market value, due to concerns over Chinese AI startup DeepSeek's competitive, low-cost technology. The news spurred a broader tech selloff, highlighting fears that US firms may have over-invested in AI. Nvidia acknowledged DeepSeek's advancements and denied any violation of US export restrictions.
from Economic Times https://ift.tt/Rt8VJaE
Subscribe to:
Post Comments (Atom)
-
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020...
-
Huawei faces international scrutiny over its ties with the Chinese government and suspicion that Beijing could use Huawei#39;s technology f...
No comments:
Post a Comment