US stock futures sink as investors weigh China challenge to US in AI
Huge U.S. technology companies that soared amid an artificial intelligence frenzy last year are getting pummeled after a little talked about Chinese startup demonstrated a chatbot that it says rivals versions from OpenAI and Google, and for a fraction of the cost. Chipmakers Nvidia and Broadcom both suffered double-digit percentage…
bubmagJanuary 27, 2025