Shares of both Nvidia and ASML slump as China’s DeepSeek threatens the companies’ dominance in artificial intelligence, and Tesla falls ahead of earnings from the electric-vehicle giant later this week.

Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.

Investors will seek reassurance that ASML's AI-dependent growth outlook for 2025 is secure despite a selloff sparked by China's DeepSeek, as the biggest supplier of equipment used to make computer chips ASML reports earnings on Wednesday.

ASML Holding’s strong Q4 earnings outlook is backed by AI chip demand. Read why ASML stock is a buy, with consistent profit growth and bullish market trends.

Technology shares steadied Tuesday, buoyed by a modest recovery for Nvidia ( NVDA, Financial) on Monday's sharp selloff. A historical 17% loss for the company, one that erased a market capitalization of $593 billion,

The surprise success of China’s AI startup, DeepSeek, led to tech stocks being hammered in the US market. Nvidia, the leading supplier of AI chips, was largely impacted; its shares plunged 17 per cent,

SALES FORECAST: ASML should post quarterly sales of 9.04 billion euros, according to the consensus, above the 7.24 billion-euro figure from a year earlier and at the high end of company guidance of 8.8 billion to 9.2 billion euros.

Nasdaq 100 drops 3% as AI disruption raises fears of overvaluation. Traders reassess portfolios, seeking opportunities beyond megacap tech stocks.

DeepSeek topped the Apple App Store chart and sparked fears the Chinese company was quickly catching up with OpenAI's ChatGPT while costing far less.

Nvidia and other artificial intelligence stocks at the forefront of the AI revolution are rebounding somewhat in premarket trading Tuesday after a selloff triggered by Chinese startup DeepSeek’s launch of a cutting-edge model at a fraction of the cost of its U.

The latest AI model of DeepSeek, released last week, is widely seen as competitive with those of OpenAI and Meta Platforms Inc. The open-sourced product was founded by quant fund chief Liang Wenfeng and is now at the top of Apple Inc.’s App Store rankings.