China's ChatGPT moment: Tech stocks fall as U.S. lead in AI race

Update at 6.18 am ET: Stock moves updated. The artificial intelligence race has taken a surprising turn, with Chinese AI startup DeepSeek's large language model outperforming …

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A Shocking Chinese AI Advancement Called DeepSeek Is Sending …

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Jan 27, 2025 · US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence …

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Tech Stocks Fall As China's DeepSeek Sparks U.S. Worries About The …

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Jan 27, 2025 · Nvidia lost nearly $600 billion in market value Monday as tech stocks plunged amid fears that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI …

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Tech Stocks Tank As A Chinese Competitor Threatens To Upend The …

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Jan 27, 2025 · In stock markets abroad, movements for broad indexes across Europe and Asia weren’t as forceful as for the big U.S. tech stocks. Stocks edged 0.1% lower in Shanghai after …

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Nasdaq Drops 3% As China's DeepSeek AI Model Hits Tech Shares

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Jan 27, 2025 · Nasdaq posted its biggest one-day percentage drop since Dec. 18 on Monday as a low-cost Chinese artificial intelligence model prompted a steep selloff in U.S. chipmakers.

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US Stocks Plunge Over China’s AI Threat - Yahoo Finance

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Jan 27, 2025 · A breakthrough Chinese chatbot has sparked alarm about the country’s advances in artificial intelligence (AI) and wiped close to $1 trillion off global stock markets.

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DeepSeek Panic Live Updates: Nvidia Stock Drops 4% As Trump

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Jan 29, 2025 · The release of a less capital-intensive artificial intelligence model from China’s DeepSeek sent a chill through the U.S. stock market this week, headlined by losses Monday …

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China’s 20x Cheaper AI Just Triggered A Tech Stock Meltdown

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Jan 27, 2025 · China’s top chipmaker SMIC declined 2.9%, mirroring pre-market weakness in Nvidia shares after U.S. trading signals. The selloff followed DeepSeek’s launch of its R1 …

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Tech Stocks Tumble As A Chinese Competitor Threatens To Upend …

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Jan 27, 2025 · Big Tech stocks that have been the market’s biggest stars took the heaviest losses, with Nvidia down 10%, and they dragged the Nasdaq composite down 3.1%.

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FAQs about China's ChatGPT moment: Tech stocks fall as U.S. lead in AI race Coupon?

Why did tech stocks fall Monday morning?

Tech stocks plunged Monday morning, as fears mounted that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI development. The Nasdaq Composite, which tracks the country's largest tech firms, plunged more than 3%. The Dow fell less than points and the S&P 500 tumbled almost 2%. ...

Which'magnificent 7' tech stocks stood a wide market rout?

Apple, Meta and Amazon were the only three “magnificent seven” tech stocks that withstood a wide market rout amid panic over Chinese artificial intelligence firm DeepSeek’s latest model, which supposedly rivals OpenAI’s ChatGPT. Apple (APPL) closed up 3.18% on Jan. 27, while Meta Platforms (META) gained 1.91%. ...

Does Chinese Ai deepseek challenge chatgpt?

This article originally appeared on Austin American-Statesman: Chinese AI DeepSeek challenges ChatGPT and causes tech stocks to fall, including Tesla Deepseek and ChatGPT logos are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration© Dado Ruvic, REUTERS ...

How did the US stock market perform on Jan 27?

Apple (APPL) closed up 3.18% on Jan. 27, while Meta Platforms (META) gained 1.91%. Amazon also just crept over the line, closing up 0.24% on the day. Meanwhile, shares in chip maker Nvidia Corp (NVDA) closed down nearly 17% on Jan. 27, wiping out almost $600 billion in value — the largest one-day value drop in US stock market history. ...

What makes the AI model of Chinese start-up deepseek different?

But what makes the AI model of Chinese start-up DeepSeek different is that it's said to be cost-efficient and require fewer AI chips than the large AI models of established providers. ...

Is Chinese-owned TikTok threatening US dominance?

The Chinese company has struck a nerve with U.S. regulators, AI leaders, and stockholders as its rapid progress threatens U.S. dominance in the space. Moreover, it is hard not to draw a connection between potential regulatory concerns and the ongoing social and political debate surrounding Chinese-owned TikTok. ...