Global tech stocks, including Nvidia, Microsoft, and Alphabet, faced a significant selloff due to the emergence of DeepSeek, a cost-efficient Chinese AI model, raising concerns over U.S. AI dominance and future demand for high-cost AI infrastructure.
Nvidia faced its worst single-day stock performance, losing nearly $600 billion in market value due to competition from Chinese AI company DeepSeek, raising concerns over Nvidia's dominance in the AI chip market.
Nvidia faced its worst trading day since March 2020, with shares dropping nearly 17% following the release of DeepSeek's R1, a cost-effective AI model from China. This event has sparked a debate on the future of AI infrastructure and spending.
Alphabet Inc., parent of Google, is advancing in AI and quantum computing, making it a top investment choice for 2025. With strong advertising revenue and technological innovations, Alphabet is undervalued and poised for growth.
A comprehensive look at recent major investments and economic developments, including a $600 billion Saudi-US economic package, Meta's $60-65 billion AI infrastructure investment, and Clover Health's significant growth in the healthcare sector.