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

According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

Who will drive the stock market as the Fed holds its first meeting of the year? This could be the worst day in nearly five years for the PHLX Semiconductor Index, led by major weakness in hot artificial-intelligence plays like Nvidia Corp.

Nvidia staged a moderate rebound on Tuesday, rising as much as 3%, following a 17% drop the prior day. More broadly, major US indexes rallied after the S&P 500 and Nasdaq 100 saw sharp losses on Monday amid concerns over the Chinese AI firm DeepSeek's rapid and seemingly cost-effective advances.

Rebounding tech stocks drove U.S. indexes higher Tuesday, a day after they tumbled on doubts about whether the artificial-intelligence frenzy really needs all the dollars being poured into it. The S&P 500 climbed 0.