Wall Street's major indexes opened lower on Monday as the growing popularity of a low-cost Chinese artificial intelligence model triggered a wave of selling in shares of chipmaker Nvidia and other companies expected to benefit from investments in the technology.
The Dow Jones Industrial Average fell 275,4 points, or 0,62 percent, to 44.
The S&P 500 index fell 132,2 points, or 2,17 percent, to 5, according to Reuters.
The Nasdaq Composite Index also fell 720,3 points, or 3,61%, to 19.
The DeepSeek app has topped Apple's App Store app rankings, raising questions about the supremacy of American technology, after the launch of a new model that surpassed OpenAI's.
The DeepSeek-R1 model's performance compares to the best inference models proposed by OpenAI on a variety of tasks, including mathematics, programming, and complex reasoning.
By our partner Nidaa al Watan (with Reuters)
