Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 13% in the morning session as stocks heavily tied to the AI market took a hit after Chinese artificial intelligence startup DeepSeek released a new large language model (DeepSeek-R1) that ranks competitively on key global benchmarks (coding competitions,

Shares of Nvidia tumbled Monday after the release of a sophisticated artificial intelligence model from a Chinese startup prompted a reckoning regarding AI spending on Wall Street.

Investors are worried about the rapid success of China's DeepSeek. It has developed low-cost AI models that don't require the most ad

DeepSeek has built a highly efficient and cost-effective AI model. Bernstein analyst Stacy Rasgon explains why it isn't a threat for Nvidia.