With US$6.6 billion raised in its last funding round, OpenAI has emerged as one of the most valuable private companies in the world.
Perplexity CEO Aravind Srinivas purchased more Nvidia shares amid a market downturn triggered by the rise of the Chinese AI app DeepSeek, which caused Nvidia’s stock to plummet 17%.
Chinese AI startup DeepSeek has shaken up the tech industry with its new chatbot, Deepseek R1, which claims to match or outperform top AI models like ChatGPT at a fraction of the cost.
Almost A$1 trillion (US$600 billion) was wiped off the value of artificial intelligence microchip maker Nvidia overnight on Monday, when a little-known Chinese
The fourth-quarter earnings season is underway, and the so-called “Magnificent 7" companies are in focus. The “Mag 7,” the stock market darlings, have soared on the AI craze. The seven stocks are Apple AAPL,
The meteoric rise of Chinese start-up DeepSeek may have shaken Wall Street's confidence in some favorite trades, but it’s unlikely to change the immediate outlook for the spending that has fueled the AI rally,
As DeepSeek wipes $600bn from Nvidia’s market cap, Andrew Mackie assesses the future of the stock and the wider AI industry. The post Nvidia stock: all that glitters is not always gold appeared first on The Motley Fool UK.
Most ‘new’ technologies fail, even though winning picks may eventually come to be seen as obvious in hindsight. Betting on winners ahead of time is a risky game of guess work.
Nvidia (NASDAQ:NVDA) and other semiconductor stocks opened lower on Tuesday, reversing premarket gains as investors remained cautious after Monday’s historic tech sell-off. Market Reaction Nvidia: +5% premarket → -0.
Of course, DeepSeek can’t be blamed for this since it openly acknowledges its Chinese origins and operates within the boundaries set by the Communist system. Yet, upon release, it topped the list of downloaded apps from the Apple Store.
Microsoft's disappointing Azure numbers are "neutral to modestly negative" for rivals Amazon.com and Alphabet, according to RBC Capital Markets analyst Brad Erickson. Alphabet stock rose 1% while Amazon's was marginally lower.
Scientists said they didn’t find evidence of life on Bennu, but they did find evidence of the building blocks of life.