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The Economic Times
The Economic Times
Business

US stocks today: Nasdaq falls at open as DeepSeek's AI chip push rattles markets

The S&P 500 slipped and the Nasdaq dropped sharply on Tuesday, weighed by losses in chip stocks amid doubts over the durability of the AI-led rally despite robust Samsung earnings, while a report on China's DeepSeek making an AI chip also hit sentiment.

Nvidia fell 1.8% ‌after Reuters reported Chinese startup ⁠DeepSeek is ⁠developing its own AI chip, a move that could reduce its dependence on Nvidia and Huawei chips.

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