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Tech selloff subsides, DeepSeek triggers AI rethink

January 28, 2025
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Global technology shares recovered some poise on Tuesday, but remained vulnerable after a rout sparked by the emergence of a low-cost Chinese artificial intelligence model made investors question the sky-high valuation and dominance of AI bellwethers. Shares of chipmaker Nvidia (NVDA-Q), the poster child of the AI boom in recent years, fell 17% on Monday, wiping $593 billion from its market value - a record one-day loss for any company - and dragging U.S. stocks lower. By Tuesday, Nvidia shares were up nearly 6% in Frankfurt, while those in Oracle rose 3.4% and AI data analytics company Palantir rose 2.97%....
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China Tech Buzz Topics: AI | Alphabet | Amsterdam | analytics | app | artificial intelligence | ASML | Baidu | Broadcom | California | capital | CEO | China | Chinese | chip | chips | data | DeepSeek | digital | Donald Trump | Dutch | education | equipment | Europe | Founder | Frankfurt

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