China's DeepSeek causes AI shake-up, Nasdaq falls

Quick Summary:

KUALA LUMPUR: Nasdaq futures have plunged as the launch of China's DeepSeek AI model last week shook investor confidence in Nvidia's prospects.

Going by the performance of US futures, the fall is set to worsen.

At the time of writing, the Nasdaq mini was down 1.5%, while the Dow Jones Industrial Average shed 0.4%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: AI Chips Nasdaq /Business/Business News Data centre YTL Power Stock on the Move DeepSeek

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 10:04:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 289 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25477806

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #22

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