DeepSeek's New AI Model Sparks Rally In Chinese Tech And EV Stocks As Nvidia Retreats

Chinese tech and EV stocks surged Friday after AI startup DeepSeek unveiled its upgraded V3.1 AI model designed to run on domestic chips, igniting optimism around Beijing’s drive for AI independence just as Nvidia (NASDAQ:NVDA) halted production of its China-only H20 chip. Alibaba Group…