Investors soured on some tech stocks like Oracle and Nvidia as China’s DeepSeek sparked questions about the massive AI spending bolstering America’s biggest companies moving forward.

Investors dumped the high-flying growth stock at the open and were continuing to do so as the morning session progressed in New York.

Technology stocks plummeted as the launch of DeepSeek's low-cost AI model cast doubts on the dominance of U.S. companies. The emergence of this Chinese startup's breakthrough raises questions on heavy spending by major tech firms and impacts stock valuations globally.

Today could be a very red day in the stock market, and DeepSeek might be to blame. China's AI startup DeepSeek has captured the attention of enthusiasts ever since its launched its latest reasoning AI model,

KEY TAKEAWAYS A slew of artificial intelligence stocks, including chip maker Nvidia, are tumbling in premarket trading Monday after Chinese startup DeepSeek released a cutting-edge AI model that runs on less-advanced chips and at a lower cost than U.

US chip-maker Nvidia led a rout in tech stocks on Monday after the emergence of a low-cost Chinese generative AI model that could threaten US dominance in the fast-growing industry. The chatbot developed by DeepSeek,

Panic is hitting Wall Street on Monday morning, with major semiconductor stocks like Nvidia (NVDA) and Broadcom (AVGO) down more than 10%. The reason for the chaos is DeepSeek, a new artificial intelligence (AI) model released by a Chinese startup.

Nvidia Corp (NASDAQ: NVDA) is taking a material hit this morning as investors respond to the launch of a Chinese startup’s highly efficient and cost-effective AI model. DeepSeek claims to have spent less than $6.