Nvidia shares down 12% as DeepSeek's 'Sputnik moment' sparks rout in AI-linked stocks
- Posted on January 27, 2025
- By Business News Today
- 4 Views
Nvidia shares down 12% as DeepSeek's 'Sputnik moment' sparks rout in AI-linked stocks
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.
