Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.
DeepSeek, the hottest name in artificial intelligence, took a Chinese hammer to several tech companies on Monday, with Microsoft, Google and especially Nvidia seeing their stock prices take a noticeable hit.
This month, Zuckerberg also announced that Meta will shut down its third-party fact-checking teams in an effort to “restore free expression” to its social media platforms. He justified the move by saying that many of the fact checkers had shown too much political bias and “destroyed more trust than they’ve created.”
The cash infusion comes on top of the $2 billion that Google has already provided to the artificial intelligence developer. Separately, Anthropic is said to be raising $2 billion from a group of institutional investors led by Lightspeed Venture Partners. The latter deal is expected to value the company at $60 billion.
Alphabet subsidiary Google recently announced two major technical achievements with its Willow quantum computing chip. In response to the news, shares of Rigetti Computing (NASDAQ: RGTI) and D-Wave Quantum (NYSE: QBTS) during the next three weeks advanced 280% and 110%,
The S&P 500 dropped 1.7 per cent, and the Nasdaq 100 slipped 3.1 per cent. With big tech stocks crashing, US stocks were set for their worst day since the last US Federal Reserve policy verdict roiled
DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this
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