Nvidia climbed 8.8%, with the rally gaining steam throughout the day and closing near session highs. The stock at one point shortly after the open was in the red. That bounce come

DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.

DeepSeek founder is now considered an 'AI hero' in China, following the recent announcements made by the company that changed the AI race.

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.