Tech sell-off subsides after China's DeepSeek jolts AI industry

Stock markets and the tech industry were still reeling Tuesday after the emergence of Chinese newcomer DeepSeek rattled America's sense of superiority in the field of artificial intelligence (AI). On Monday, shares of chipmaker Nvidia, the poster child of the AI boom, fell 17% – a record one-day loss for any company.

Jan 28, 2025 - 06:00
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Tech sell-off subsides after China's DeepSeek jolts AI industry
Stock markets and the tech industry were still reeling Tuesday after the emergence of Chinese newcomer DeepSeek rattled America's sense of superiority in the field of artificial intelligence (AI). On Monday, shares of chipmaker Nvidia, the poster child of the AI boom, fell 17% – a record one-day loss for any company.
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