WS #12337
China's DeepSeek raises capital at $74B valuation ahead of onshore IPO, intensifying AI competition. Apple surpasses Nvidia as world's most valuable company at $4.88T market cap, driven by Apple Intelligence approval in China. Wall Street suffers weekly decline led by semiconductor sell-off; Philadelphia semiconductor index drops 18% in July.
DeepSeek Valuation and AI Competition
China's DeepSeek raises capital at $74B valuation ahead of onshore IPO, intensifying AI competition.
Apple surpasses Nvidia as world's most valuable company at $4.88T market cap, driven by Apple Intelligence approval in China.
Wall Street suffers weekly decline led by semiconductor sell-off; Philadelphia semiconductor index drops 18% in July.