DeepSeek's 'Sputnik moment' prompts investors to sell big AI players

LONDON/SINGAPORE (Reuters) -Investors hammered technology stocks on Monday, sending the likes of Nvidia and Oracle plummeting, as the emergence of a low-cost Chinese artificial intelligence model cast doubts on Western companies' dominance in this sector. Shares in AI chipmaker Nvidia fell more than 11%, rival Oracle dropped 8.5% and AI data analytics company Palantir lost 6.5% in pre-market trading. DeepSeek, which by Monday had overtaken U.S. rival ChatGPT in terms of downloads on the Apple St
DeepSeek's 'Sputnik moment' prompts investors to sell big AI players

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Twitter (X), Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service

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