Nvidia climbed 8.8%, with the rally gaining steam throughout the day and closing near session highs. The stock at one point shortly after the open was in the red. That bounce come

A new Chinese AI model threatens to diminish the need for Nvidia’s most-expensive chips, but some say the concerns are overblown.

Other technology stocks trading at relatively low valuations to historical levels include Micron, Super Micro and Workday.

Broadcom’s business relies heavily on their networking products, which are crucial for data transfer in AI systems. If the market for premium AI chips experiences a downturn, amid the rise of DeepSeek, it could create a domino effect, potentially hurting sales of Broadcom’s supporting technologies and components.

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.

Key Takeaways U.S. AI stocks sold off Monday as an app from Chinese AI startup DeepSeek dethroned OpenAI's as the most-downloaded free app in the U.S. on Apple.DeepSeek claims its latest model’s performance is on par with that of American AI leaders like OpenAI,