Yahoo Finance

Nasdaq sinks, Dow drops as Nvidia sells off on DeepSeek’s rise: Yahoo Finance

DeepSeek has developed an AI model that is reportedly as good or better than OpenAI’s ChatGPT, but the Chinese-based company claims to have done it at a fraction of the cost. The development has sent chip stocks like Nvidia (NVDA), Broadcom (AVGO), and ASML Holding (ASML) lower, dragging down both the Dow Jones Industrial Average (^DJI) and Nasdaq Composite (^IXIC). Other trending tickers on Yahoo Finance include Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA).