China’s Bargain-Basement DeepSeek Deep Sixes Artificial Intelligence Stocks on Wall Street

Investors question whether billions of dollars of investment in language models was too much too soon.

AP/Julia Demaree Nikhinson
A view of the New York Stock Exchange, January 27, 2025, at New York. AP/Julia Demaree Nikhinson

Wall Street is rattled today by the possibility that billions of dollars planned and already invested in artificial intelligence hardware may have been misdirected. 

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