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Nvidia Shares Resume Fall
ASML shares rally as Dutch group hails DeepSeek as ‘good news’
“We expect elevated volatility as market participants re-evaluate the longer-term earnings potential of companies in the AI value chain,” said Deutsche Bank strategists in a note to clients. Shares in ASML, one of Europe’s biggest tech companies, closed up 5.5 per cent in Amsterdam as chief executive Christophe Fouquet hailed the emergence of DeepSeek as “good news” for the semiconductor industry. “For AI to be everywhere, we need to see major progress on cost and energy consumption,” Fouquet said, alluding to DeepSeek’s claims that its artificial intelligence model required far fewer chips to build and is also cheaper to run than larger systems from the likes of OpenAI.
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