On Monday, DeepSeek's rollout roiled shares of AI stalwarts such as Nvidia, the high-flying manufacturer of advanced chips engineered for AI development, and Dutch company ASML, another chipmaker.
ASML’s Chief Executive Officer indirectly addressed the implications of DeepSeek in an interview with CNBC. He said, “A lower cost of AI could mean more applications. More applications mean more ...
Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September ...