Broadcom Inc. (NASDAQ: AVGO) shares fell sharply, dropping more than 17% in one day, after the Chinese AI startup DeepSeek introduced a new artificial intelligence model. This raised concerns about increased competition in the AI and semiconductor markets.
Investors are worried about how DeepSeek’s affordable and high-performing AI technology could impact Broadcom.
DeepSeek is gaining attention for its flagship models, DeepSeek-R1 and DeepSeek-V3, which perform similarly to…
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