Shares of data center products and services company Vertiv (NYSE:VRT) fell 28.5% in the afternoon session as stocks heavily tied to the AI market took a hit after Chinese artificial intelligence startup DeepSeek released a new large language model (DeepSeek-R1) that ranks competitively on key global benchmarks (coding competitions, math evaluation), uses less advanced semiconductor chips, costs significantly less to build (at $5.5 million - excluding non-compute costs), and has already achieved

Starbucks is changing its vibe beginning today.

NVIDIA, Taiwan Semiconductor Manufacturing, Advanced Micro Devices, Intel, Broadcom and SOXX are part of the top Zacks Analyst Blog.

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Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 16.6% in the morning session as stocks heavily tied to the AI market took a hit after Chinese artificial intelligence startup DeepSeek released a new large language model (DeepSeek-R1) that ranks competitively on key global benchmarks (coding competitions, math evaluations), uses less advanced semiconductor chips, costs significantly less to build (at $5.5 million - excluding non-compute costs), and has already achieved s

Powell Industries (POWL) is sinking 19% today after Chinese start-up DeepSeek reportedly unveiled AI models that were produced using old chips and much less computing power than the AI offerings of OpenAI and Meta (META). However, DeepSeek’s models are at least as proficient as those of OpenAI and Meta, according to multiple reports. POWL provides […]

DeepSeek's ultra-cheap AI just sent shockwaves through Big Tech, rattling Nvidia and hyperscalers--has the AI investment frenzy peaked?

(Bloomberg) -- When customers walk into Starbucks on Monday, the vibes will be different.Most Read from BloombergWhat Happened to Hanging Out on the Street?Texas HOA Charged With Discrimination for Banning Section 8 RentersVienna Embraces Heat Pumps to Ditch Russian GasBudapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Billionaire Developer Caruso Slams LA Leadership Over WildfiresAt least, that’s the goal. Workers will ask guests if they want drinks for here or to go, offering cera

Vistra (VST) is sinking 28% today after Chinese start-up DeepSeek reportedly unveiled AI models that were produced using old chips and much less computing power than the AI offerings of OpenAI and Meta (META). However, DeepSeek’s models are at least as proficient as those of OpenAI and Meta, according to multiple reports. VST sells electricity […]