Nvidia and other U.S. tech stocks are holding steadier Tuesday, a day after tumbling on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it.
The Chinese artificial intelligence app DeepSeek became the most downloaded free app in the U.S. on Apple’s app store and its low cost claims are putting the pressure on major American tech companies.
Wall Street’s superstars tumbled as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 fell 1.5% Monday.