Nvidia and Microsoft shares steady after DeepSeek AI app shock

DeepSeek's claim that its model was made at a fraction of the cost of its rivals has rocked the AI industry.

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthVideoLiveAudioWeatherNewslettersUS tech stocks steady after DeepSeek AI app shock20 hours agoPeter Hoskins & Charlotte EdwardsBusiness reporters, BBC NewsGetty ImagesUS tech stocks were steady on Tuesday after they slumped on Monday following the sudden rise of Chinese-made artificial intelligence (AI) app DeepSeek.

Shares in chip giant Nvidia rose by 8.8%, having slumped on Monday, as experts said the AI selloff may have been an over-reaction.

The market hit came as investors rapidly adjusted bets on AI, after DeepSeek's claim that its model was made at a fraction of the cost of those of its rivals.

Analysts said the development raised questions about the future of America's AI dominance and the scale of investments US firms are planning.

US President Donald Trump described the moment as "a wake-up call" for the US tech industry, while also suggesting that it could ultimately prove " a positive" for the US.

https://www.bbc.com/news/articles/c4gpq01rvd4o

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