Broadcom stock is struggling for direction Tuesday after the chipmaker fell sharply Monday following the release of DeepSeek, a cheap AI chatbot.
Broadcom's panic sell-off was triggered by unverified claims about DeepSeek's low development costs. See why I continue to rate AVGO stock a strong buy.
The release of DeepSeek’s open-source AI chatbot caused a sharp sell-off in Nvidia and Broadcom, shifting market sentiment in favor of AI users.
The Chinese chatbot DeepSeek demolished the US stock market, bringing down the capitalization of American companies by a trillion dollars. This is reported by the world media.
Japanese tech firms sank Tuesday following a rout on Wall Street after China's DeepSeek chatbot upended the artificial intelligence sector and sparked questions about huge investments by US titans. Tokyo-listed companies linked to the artificial intelligence sector tanked for a second straight day as investors tracked a rout on Wall Street that saw Nvidia crumble 17 percent,
The popularity of China's DeepSeek's chatbot appears to have shattered a widespread belief that developing artificial intelligence requires many billions of dollars of investment as has been in the case of US AI models.
DeepSeek is a Chinese AI firm specializing in large language models (LLMs). Founded in 2023 by Liang Wenfeng, a co-founder of hedge fund High-Flyer, the company develops open-source AI models.
Here's all the things you need to know about this new player in the global AI game. DeepSeek-V3: Released in late 2024, this model boasts 671 billion parameters and was trained on a dataset of 14.8 trillion tokens over approximately 55 days,
Chinese startup DeepSeek's artificial intelligence chatbot is not revolutionary enough to upend the western artificial intelligence industry as the total addressable market for AI compute is still expected to double in the long term,
Nvidia (NASDAQ: NVDA) stock has been a great performer over the long term, though its performance notably revved up starting in 2023. From the start of that year through Jan. 28, 2025, Nvidia stock has gained 781%.
Trump argued DeepSeek could be a 'positive' for US tech giants, adding: 'instead of spending billions and billions, you'll spend less, and you'll come up with hopefully the same solution.'
Chinese start-up DeepSeek (logo pictured) sent big tech companies in the US into a spiral with the release of its AI chatbot, which is said to be produced more cheaply than Western rivals.