NEW YORK (AP) — Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 fell 1.7% Monday. Big Tech stocks took some of the heaviest losses, with Nvidia down 16%, and they dragged the Nasdaq composite down 3.2%. Stocks outside of AI-related industries held up much better, though, and the Dow Jones Industrial Average was up 137 points. A Chinese company called DeepSeek said it had developed a large language model that can compete with U.S. giants at a fraction of the cost.… Continue Reading
