WS #11627
DeepSeek developing own AI chip threatens Nvidia; Philadelphia Semiconductor Index fell 4.7%; Samsung earnings miss expectations. Microsoft cuts 4,800 jobs, mostly in Xbox, as part of restructuring; IO Interactive studio closure after Microsoft backs out.
Semiconductor selloff and AI chip competition
DeepSeek developing own AI chip threatens Nvidia; Philadelphia Semiconductor Index fell 4.7%; Samsung earnings miss expectations.
Microsoft cuts 4,800 jobs, mostly in Xbox, as part of restructuring; IO Interactive studio closure after Microsoft backs out.