Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors' faith in the profitability of AI and the sector's voracious demand for high-tech chips.

US 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.

DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.

Trump targets BRICS over de-dollarization, warns of 100% tariffs. Markets brace for trade risks as US-China tensions threaten sentiment.

Wall Street is in turmoil with US tech giants bracing for significant losses as the stock market plummeted this morning, following the unexpected emergence of a Chinese rival in the AI chatbot space.

The recovery came after US chipmaker Nvidia closed up 9 per cent on Tuesday, recouping some of the heavy losses that wiped $600bn off its market capitalisation at the start of the week, when investors fretted over the threat from China’s DeepSeek to the US supremacy in artificial intelligence.

Asian markets show mixed performance as Wall Street’s tech stocks fall amid concerns over Chinese AI competitor DeepSeek.

Global technology shares recovered some poise on Tuesday but remained vulnerable after a rout sparked by the emergence of a low-cost

DeepSeek AI has shaken US markets, sparking Nvidia’s record loss and questions about innovation and competition

Tokyo Electron Limited, together with its subsidiaries ... North America, Taiwan, China, South Korea, Southeast Asia, and internationally. The company offers coaters/developers, etch systems ...

Japan’s chipmaker stocks plunged into losses, while artificial intelligence and related stocks on Wall Street were hammered overnight amid concerns over the waning dominance of US tech giants in the AI space.

Tokyo Electron made 41.3% of net sales in China in the quarter, compared to 49.9% in the previous quarter, with sales growing in North America and Japan. (Bloomberg) -- Key US lawmakers urged ...