Tech stocks tank as Chinese competitor threatens to upend AI frenzy; Nvidia sinks nearly 17 pc

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..... Tech stocks tank as Chinese competitor threatens to upend AI frenzy; Nvidia sinks nearly 17 pc
PTI News
Dated:- 28-1-2025
PTI
New York, Jan 28 (AP) Wall Street's superstars are tumbling as .....

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..... a competitor from China threatens to upend the artificial-intelligence frenzy they've been feasting on. The S&P 500 fell 1.5 per cent Monday. Big Tech stocks took some of the heaviest losses, with .....

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..... Nvidia down nearly 17 per cent, and they dragged the Nasdaq composite down 3.1 per cent. Besides chip companies, utilities hoping to electrify power-hungry AI data centres also tumbled. Stocks outsi .....

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..... de of AI-related industries held up much better, and the Dow Jones Industrial Average rose 0.7 per cent. A Chinese company called DeepSeek said it had developed a large language model that can compe .....

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..... te with US giants at perhaps a fraction of the cost. (AP) GRS GRS
News - Press release - PIB .....

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