Chipmaker Nvidia's stock was among the top losers in the US, plunging nearly 17 per cent and wiping off $600 billion in its market capitalization.
Tech-heavy Nasdaq slipped 3.1 per cent to 19,342, with Nvidia being the top loser. Here's how leading brokerages and experts interpreted DeepSeek's impact.
UBS While DeepSeek's aggressive pricing strategy raises questions about big technology's high capex (capital expenditure) intensity, we need to understand that DeepSeek's models still have many limitations compared with the frontier models from big tech coupled with limited transparency on training methodology.
This story is from the January 29, 2025 edition of Business Standard.
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This story is from the January 29, 2025 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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