Wall Street has perceived the company to have an almost unbreachable defense against competition with its offerings of high-tech chips. The company’s rapid growth and windfall profit have helped push other technology firms and the Nasdaq Composite Index to record after record,

A tech sell-off on Monday saw more than $1 trillion in value erased over concerns over China's DeepSeek AI app.

Wall Street and Silicon Valley got clobbered on Monday over rising fears about DeepSeek – a Chinese artificial intelligence startup that claims to have developed an advanced model at a fraction of the cost of its US counterparts.