The 2021 bulk buy was timely. By autumn 2022, Washington had banned Nvidia from selling any more A100s to China, in an effort to slow the country’s AI advances. Meanwhile, Nvidia chips were becoming scarce worldwide since the launch of ChatGPT in late 2022 sparked a global hoarding frenzy.

The emergence of DeepSeek came shortly after President Trump unveiled his "Stargate" project to invest $500bn in advancing AI.

As US companies pour billions of dollars into advancing artificial intelligence, a little-known Chinese startup has seemingly done the impossible. DeepSeek unveiled a chatbot app that performs as well if not better than those of Silicon Valley giants,

DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.

Nvidia crossed below its 200 day moving average for the first time since 2023 this week. Analysts say the correction could deepen.

Apple reported fiscal first-quarter earnings Thursday. Analysts are focused on iPhone momentum following a sluggish start to the year for Apple's stock.

In a post on X, Wedbush's Dan Ives said Apple had "yet again proved the skeptics wrong as the upgrade cycle for iPhone 16 is ahead of iPhone 15 with March guidance much better tha