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AI model R1 News

Broadcom's Stock Plummets 18% as DeepSeek's AI Model Sparks Tech Sector Panic

James Carter 28 Jan, 2025

Broadcom's stock fell sharply by 18.58% following the debut of DeepSeek's R1 AI model, which rivals top AI technologies at a lower cost. The model's success has reshuffled App Stor...

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Broadcom Shares Plunge 18% Amid Fears Over Chinese AI Startup's Market Disruption

Ryan Peterson 28 Jan, 2025

Broadcom's stock fell 18% as the tech sector reacts to DeepSeek's new AI model, R1, which rivals top AI technologies at lower costs, causing a shift in market dynamics and competit...