The recovery came after US chipmaker Nvidia closed up 9 per cent on Tuesday, recouping some of the heavy losses that wiped $600bn off its market capitalisation at the start of the week, when investors fretted over the threat from China’s DeepSeek to the US supremacy in artificial intelligence.
Advisors can breathe a sigh of relief that their clients likely weathered the rough day in the markets without too much pain.
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.
The RTX 5090's 30% increase in performance for a 25% price jump compared to the RTX 4090 has disappointed many gamers, and the RTX 5080 is even worse.
Tokyo stocks ended slightly higher Thursday as investors bought semiconductor-related shares after solid earnings reports from Japan's tech sector. The 225-issue Nikkei Stock Average ended up 99.19 points,
TOKYO: Japanese tech stocks fell on Tuesday (Jan 28) following a plunge in US tech stocks driven by the emergence of a low-cost Chinese generative AI model. US chipmaker Nvidia led a rout on Wall ...
Global technology stocks tumbled on Tuesday, extending a selloff into a second day as the debut of a low-cost Chinese artificial intelligence model
Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost Chinese artificial intelligence model entered day two, with investors questioning the sky-high valuation and dominance of AI bellwethers.
US chipmaker Nvidia dived 17 per cent, wiping off nearly USD 593 billion in the biggest market capitalisation loss in history, following a wave of selling as China's DeepSeek developed a free AI assistant using lower-cost chips.
Asian markets show mixed performance as Wall Street’s tech stocks fall amid concerns over Chinese AI competitor DeepSeek.
Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports
NVIDIA GeForce RTX 50 launch day in Japan sees PC gamers jumping over the fence of a next-door kindergarten to get their new RTX 5090 or RTX 5080 card.