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2025-01-28 02:00:32| The Economic Times

Nvidia's stock plummeted 17%, wiping out $589 billion in market value, due to concerns over Chinese AI startup DeepSeek's competitive, low-cost technology. The news spurred a broader tech selloff, highlighting fears that US firms may have over-invested in AI. Nvidia acknowledged DeepSeek's advancements and denied any violation of US export restrictions.

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2025-01-28 01:43:46| The Economic Times

This led the tech-heavy Nasdaq to fall 3.1% on Monday. Nvidia was the Nasdaq's biggest drag, with its shares tumbling just under 17% and marking a record one-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.

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2025-01-28 01:01:05| BBC News | Business | World Edition

The founders of important open source software are getting older, who will take over?

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