Wall Street analysts worry that new Chinese stealth aircraft could persuade the US to buy fewer of Lockheed Martin's F-35 stealth fighters.
In Amsterdam, Dutch chip supplier ASML slid 8.5%. In Tokyo, Japan’s Softbank Group Corp. lost 8.3% and is nearly back to where it was before spurting on an announcement that it was joining a partnership trumpeted by the White House that would invest up to $500 billion in AI infrastructure.
Stiffer competition for the tech giants at the forefront of the artificial intelligence boom prompted investors to reassess the companies’ sky-high valuations.
DeepSeek claims it took two months and less than $6 million to build its R1 AI model. President Donald Trump called the news a wakeup call for Silicon
The ascendance of DeepSeek, a relatively cheaply made Chinese A.I. app, is sending jitters through Silicon Valley and led to a big selloff on Wall Street. Investors feared that cheaper technology from China may present challenges to American A.
Having tumbled 17% on Monday, wiping almost £500bn off its value in the biggest one-day stock market loss in corporate history, the shares rose almost 8%.
Wall Street Thinks This Warren Buffett Artificial Intelligence (AI) Stock Is Headed to $4 Trillion in 2025. Here's Why I'm Not So Sure.
Monday’s meltdown was a cold plunge on what had otherwise been a bull market for tech on the belief that AI would usher in a new golden age of worldwide productivity and sector-
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations, but shares fell sharply in trading Tuesday as investors weighed the threat of tariffs that could hit the automaker's business.
DETROIT (Reuters) - General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand for its pricey gasoline-powered trucks and SUVs.