Tokyo stocks ended mixed Monday as banks lifted on hopes for improved profits, while technology issues dropped on fears that U.S. dom
Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors' faith in the profitability of AI and the sector's voracious demand for high-tech chips.
Wall Street is in turmoil with US tech giants bracing for significant losses as the stock market plummeted this morning, following the unexpected emergence of a Chinese rival in the AI chatbot space.
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy
Asian markets show mixed performance as Wall Street’s tech stocks fall amid concerns over Chinese AI competitor DeepSeek.
Japan’s chipmaker stocks plunged into losses, while artificial intelligence and related stocks on Wall Street were hammered overnight amid concerns over the waning dominance of US tech giants in the AI space.
DeepSeek AI has shaken US markets, sparking Nvidia’s record loss and questions about innovation and competition
Nvidia and other major U.S. tech firms saw a sharp drop on Monday, January 27, amid AI competitiveness concerns. Chinese startup DeepSeek c
DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.
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.
Wall Street is tumbling on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China
Tokyo Electron made 41.3% of net sales in China in the quarter, compared to 49.9% in the previous quarter, with sales growing in North America and Japan. (Bloomberg) -- Key US lawmakers urged ...