Nvidia and Microsoft shares steady after DeepSeek AI app shock
Updated:
DeepSeek's claim that its model was made at a fraction of the cost of its rivals has rocked the AI industry.
British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveAudioWeatherNewslettersUS tech stocks steady after DeepSeek AI app shock20 hours agoPeter Hoskins & Charlotte EdwardsBusiness reporters, BBC NewsGetty ImagesUS tech stocks were steady on Tuesday after they slumped on Monday following the sudden rise of Chinese-made artificial intelligence (AI) app DeepSeek.
Shares in chip giant Nvidia rose by 8.8%, having slumped on Monday, as experts said the AI selloff may have been an over-reaction.
The market hit came as investors rapidly adjusted bets on AI, after DeepSeek's claim that its model was made at a fraction of the cost of those of its rivals.
Analysts said the development raised questions about the future of America's AI dominance and the scale of investments US firms are planning.
US President Donald Trump described the moment as "a wake-up call" for the US tech industry, while also suggesting that it could ultimately prove " a positive" for the US.
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Spent cartridges found amongst fire wreckage in Los Angeles
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Arson suspect accidentally sets own trousers alight in Melbourne
Los Angeles residents describe chaos after evacuating from fires
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California rescue groups open their doors to pets, some with burns
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Wildfires complicate California Democrats' plans to lead Trump defiance
What happened at the Trump sentencing today: Former president given penalty-free 'unconditional discharge'
Former LSU WR Kyren Lacy investigated in connection with a fatal auto wreck
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McDonald's to close three CosMc's locations — and open two more
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California wildfires in photos: Images capture the catastrophic scale in Los Angeles and the Palisades
Los Angeles residents return to ashes and ruins after devastating wildfires
Venezuelan President Nicolás Maduro is sworn in despite credible evidence of election loss
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Private equity reduces patient care while enriching investors, Senate report finds
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US and UK toughen sanctions on Russian energy industry
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US Supreme Court leans towards TikTok ban over security concerns
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Denmark struggles to stay calm in crisis over Trump threat to take Greenland
Gaza war death toll could be significantly higher, researchers say
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Newsom issues executive order suspending environmental regulations to help L.A. rebuild after fires
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What comes next for Los Angeles: Fire & Ash - Part 6
How the Altadena community is recovering after the Eaton Fire: Fire & Ash - Part 3
L.A. fire captain opens up about the wildfires: Fire & Ash - Part 4
Residents of the Pacific Palisades return after the wildfires: Fire & Ash - Part 2
Biden awards Pope Francis Presidential Medal of Freedom with distinction
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Stories of bravery and courage in the L.A. wildfires: Fire & Ash - Part 5
Supreme Court to weigh reinstating Obamacare care requirements struck down by lower court
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California wildfires: What we know about L.A. fires, maps, what caused it, who is affected and more
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Ukraine captured two injured North Korean soldiers, Zelenskyy says
Former child star Rory Sykes dies in California wildfires as mom tried to save him
Lessons learned from trying to thaw icy relations between rivals U.S and China
Jeju Air 'black box' data missing from last 4 minutes before crash, South Korea ministry says
New Orleans police release bodycam footage of shootout with Bourbon Street attacker
Mark Zuckerberg says Biden officials would 'scream' and 'curse' when seeking removal of Facebook content
Winter storm forces Atlanta Hawks-Houston Rockets postponement
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U.S. adds 256,000 jobs, as Biden leaves Trump with a sturdy labor market
Biden calls Meta's decision to end fact-checking 'really shameful'
Yankees fans who interfered with Mookie Betts' catch during World Series banned from all MLB games
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New Mexico Supreme Court strikes down local abortion restrictions
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Ukraine says it captured two injured North Korean soldiers in Russia
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Trump prosecutor Jack Smith resigns from Justice Department
South Korea air crash recorders missing final minutes
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Trump's return to power has old critics and skeptics reconciling with a new 'normal'
Senate braces for 'train wreck' as hearings kick off for Trump Cabinet picks
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New England Patriots hire former player Mike Vrabel as head coach
Taliban do not see women as human beings, Malala Yousafzai says
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Special counsel Jack Smith resigns
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Watch: How four days of fire devastation unfolded in LA
Pete Hegseth's FBI background check doesn't include interviews with key women from his past
Drinking water could be contaminated in L.A. County areas affected by wildfires, experts say
Gazans anxiously await ceasefire news — but with their home in ruins, few know what's next
California prisoner firefighter program draws harsh criticism amid L.A. wildfires
MSNBC President Rashida Jones steps down after four-year tenure
Ceasefire deal between Israel and Hamas 'on the brink of coming to fruition,' Biden says
Israeli hostage families hold out hope after ‘rollercoaster’ negotiations
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Sydney beaches shut again over mysterious debris washed on shore
Ukraine launches major strikes on Russian cities
US allies' undersea cables are cut, world looks to Russia and China
Trump defense secretary pick Pete Hegseth faces grilling in first Senate hearing
Impeachment trial of South Korea's Yoon adjourned after he does not attend
Philippines alarmed after China sends ‘monster ship’ to disputed shoal
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Cleveland-Cliffs CEO attacks Japan as he reiterates interest in acquiring U.S. Steel
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Magnitude 6.6 earthquake shakes Japan, prompting tsunami warnings
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Biden cancels student loans for 150,000 more borrowers
Connecticut youth basketball coach accused of vehicular assault after argument about game
Dementia risk may be twice as high as Americans live longer, study finds
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Cowboys won't bring back head coach Mike McCarthy
British heavyweight boxer Tyson Fury announces retirement one month after Usyk defeat
Last year was hottest in recorded history, NASA says
Supreme Court allows Hawaii climate change lawsuit to move forward
Asian American professor wrongfully accused of spying for China is suing University of Kansas
'Mufasa' and 'The Fire Inside' filmmaker Barry Jenkins does double duty at the box office
Notre Dame's Marcus Freeman becomes 1st Black and 1st Asian American coach to reach college football finals
Biden extends time in U.S. for Venezuelans, Salvadorans as Trump readies immigration crackdown
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