July 7 (Reuters) – The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung’s strong earnings, while a report on China’s DeepSeek making its own AI chip also hit sentiment. The Dow Jones Industrial Average rose 48.1 points, or 0.09%, at the open to […]
Business
Nasdaq falls at open as DeepSeek’s AI chip push rattles markets
Audio By Carbonatix
July 7 (Reuters) – The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung’s strong earnings, while a report on China’s DeepSeek making its own AI chip also hit sentiment.
The Dow Jones Industrial Average rose 48.1 points, or 0.09%, at the open to 53104.06. The S&P 500 fell 20.8 points, or 0.28%, at the open to 7516.63, while the Nasdaq Composite dropped 161.0 points, or 0.62%, to 25960.13 at the opening bell.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Pooja Desai)