Nasdaq falls at open as DeepSeek's AI chip push rattles markets

The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung's strong earnings, while a report on China's DeepSeek making its own AI chip also hit sentiment.

The Dow Jones Industrial Average rose 48.1 points, or 0.09%, at the open to 53104.06. The S&P 500 fell 20.8 points, or 0.28%, at the open to 7516.63, while the Nasdaq Composite dropped 161.0 points, or 0.62%, to 25960.13 at the opening bell.

Reuters

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓