Donald Trump has said the new Chinese artificial intelligence model DeepSeek should be considered a “wake-up call” for the U.S. tech industry after Nvidia saw almost $600 billion wiped off its market value.

The Chinese start-up DeepSeek’s latest large language model has been described as a ‘Sputnik moment’ for the American tech industry

Chinese AI startup DeepSeek rocked the U.S. tech sector by releasing an AI model that appeared to rival those built by leading AI labs—at a fraction of the price.

Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever, trailing only a record it set in July.

U.S. stocks recovered some ground on Tuesday after getting hammered by fears over China's DeepSeek AI model built on a shoestring budget.

Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China's DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion.