China S Tech Selloff Deepens R Satechnews 3.2k subscribers in the satechnews community. satechnews aggregates links from south african and sub saharan technology news websites. Stock markets and the tech industry were still reeling tuesday after the emergence of chinese newcomer deepseek rattled america's sense of superiority in the field of artificial intelligence.
Chinese Tech Stock Selloff Deepens Wsj Global technology shares recovered some poise on tuesday, but remained vulnerable after a rout sparked by the emergence of a low cost chinese artificial intelligence model made investors question the sky high valuation and dominance of ai bellwethers. Global tech stocks have plummeted following the emergence of deepseek, a chinese ai startup that has developed a competitive ai model at a fraction of the cost of its us rivals, sparking concerns. Nvidia and other u.s. technology firms plunged on monday, part of a global sell off as chinese startup deepseek sparked concerns over competitiveness in artificial intelligence and america's. Mainland china is closed until feb. 4, leaving the spotlight firmly on japanese firms. on tuesday, chip testing equipment maker advantest, a supplier to nvidia lost 10% after diving nearly 9% on monday. chip making equipment maker tokyo electron and technology start up investor softbank group slid 5%.
China Tech Selloff Deepens As Tencent Sale Spooks Traders Nvidia and other u.s. technology firms plunged on monday, part of a global sell off as chinese startup deepseek sparked concerns over competitiveness in artificial intelligence and america's. Mainland china is closed until feb. 4, leaving the spotlight firmly on japanese firms. on tuesday, chip testing equipment maker advantest, a supplier to nvidia lost 10% after diving nearly 9% on monday. chip making equipment maker tokyo electron and technology start up investor softbank group slid 5%. Us tech stocks tumbled after advances by chinese start up deepseek ignited worries over whether america could sustain its lead in artificial intelligence. latin american leaders will hold an. Deepseek, which released a highly efficient open weights ai reasoning model, sparked a massive selloff in tech stocks that saw industry giant nvidia shed $589 billion in market capitalization. key points: nvidia lost $589 billion in market value the largest single day drop in u.s. stock market history. Jan 27 (reuters) futures linked to the tech heavy nasdaq tumbled on monday as the surging popularity of a low cost chinese artificial intelligence model sparked a selloff in chipmaker nvidia and other companies that stand to benefit from investments into the technology. The chinese tech giant cut its stake in singapore’s sea ltd. on tuesday selling $3 billion of shares sparking concerns of similar actions at other firms amid beijing’s regulatory.
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