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

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....ech stocks tank as Chinese competitor threatens to upend AI frenzy; Nvidia sinks nearly 17 pc<BR>PTI News<BR>Dated:- 28-1-2025<BR>PTI<BR>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 N....

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....vidia 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 outsid....

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....e 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 compet....

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