Chinese artificial intelligence startup DeepSeek released an update to its R1 reasoning model in the early hours of Thursday, stepping up competition with US rivals such as OpenAI.

But all of that appears to be taking a back seat as DeepSeek deep-sixes AI stocks. Dow Jones futures fell 0.65%. S&P 500 futures sank 2%. Nasdaq 100 futures tumbled 3.5%. Those are well off their ...

The benchmark S&P 500 ended the day down 1.5%, the Dow Jones Industrial Average gained 0.7% and the tech-heavy Nasdaq composite sank 3.1%. DeepSeek's app is powered by the DeepSeek-V3 model.

DeepSeek is also catching investors off guard ... while the S&P 500 declined 1.5%. The blue-chip Dow Jones Industrial Average added 0.7%. Despite the sharp drop on the Nasdaq, it's far from ...

Read Investopedia's live updates on the AI chip giant's quarterly results, as well as the market reaction and comments from ...

A Nasdaq-like index for Chinese companies listed in Hong Kong has entered technical bull territory following robust gains by China's largest technology stocks that have added billions of dollars ...

3, 2020, according to Dow Jones Market Data. The utilities sector is down 4%, on track for its worst day since Oct. 2, 2023. Weighing on such stocks were worries about Chinese AI program DeepSeek ...

In the middle of the DeepSeek tech selloff Monday, the classic blue-chip stocks are behaving like - well, blue chips. One reason for this is the makeup of the Dow 30. The index is being rewarded ...

The Dow Jones Industrial Average includes 30 of the ... quarter would have come before the news in January that China's DeepSeek built a more advanced AI model at a relatively low cost.

Hong Kong's Hang Seng Tech Index has entered technical bull territory following robust gains by Chinese tech stocks that have added billions of dollars in market capitalization, driven by the ...