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Cramer is tempted to buy chipmaker, sell hyperscaler on DeepSeek sell-off newsthirst.

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks tanked Monday as Chinese startup DeepSeek’s lower-cost AI model sent shockwaves through the tech sector. Semiconductor stocks led the decline with Nvidia and Broadcom both dropping 13%. Investors…

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Japan chip stocks extend losses as DeepSeek worries fuel Wall Street tech rout newsthirst.

A sales clerk shows off Elpida Memory Inc. memory chips at an electronics shop in Tokyo, Japan, on Thursday, March 5, 2009. Tomohiro Ohsumi | Bloomberg | Getty Images Shares in Japan’s chip-related companies extended declines for a second day as Chinese startup DeepSeek’s AI competitiveness calls into question the United States’ leadership in the…

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Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’ newsthirst.

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.’s high-bandwidth memory chips, a final required step before the Korean company can begin supplying a component essential to training AI platforms.  Annabelle…

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How buzz on Chinese AI model DeepSeek sparked massive Nasdaq sell-off newsthirst.

A young Chinese AI startup, DeepSeek, sparked a massive rout in U.S. technology stocks Monday as its highly competitive — and potentially shockingly cost-effective — models stoked doubts about the hundreds of billions of dollars that America’s biggest tech companies are spending on artificial intelligence. DeepSeek’s emergence is shaking up investor confidence in the AI…

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