Rough start for Wall Street: Nvidia sees record $589 billion loss as China AI app DeepSeek stuns US markets
The rise of DeepSeek-R1, the latest AI model from the Chinese startup DeepSeek, to the top of Apple’s App Store contributed to a rocky start for Wall Street and global markets this week. A Wall Street street sign in front of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 31,…