Photo: Spencer Platt (Getty Images) U.S. stocks dropped sharply on Monday, continuing a volatile stretch for Wall Street as geopolitical tensions, earnings anxiety, and Fed uncertainty collide. The tech-heavy Nasdaq led the losses, down almost 2.2%, with the S&P 500 off 1.7% and the Dow Jones Industrial Average falling 604 points, or 1.5%. The VIX…
By Summer Zhen and Jiaxing Li HONG KONG (Reuters) – China’s apparent breakthrough in AI and rapprochement with tech giants has sent Hong Kong stocks and internet giants soaring, but the buyers behind it are flighty and brokers say global investors are wary of big bets while markets swing wildly. Hong Kong’s Hang Seng (^HSI)…
A cheaper, competitive AI model from Chinese artificial intelligence company DeepSeek sparked a sell-off in the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Monday as it challenged one of the key drivers of the current bull market. For the first time in a while, investors had a tangible reason to believe some US tech…
The AI frenzy that has reshaped the tech world and commanded the attention of Wall Street took an anxious turn Monday after a Chinese upstart burst onto the scene, dazzling early users and sparking fears that US AI leadership is now under threat. It wasn’t just the Chinese model’s performance that rattled American investors and…