US: Wall St opens sharply lower as China’s AI push rattles Big Tech

Wall Street’s main indexes opened lower on Monday (Jan 27), as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.

The Dow Jones Industrial Average fell 275.4 points, or 0.62 per cent, at the open to 44,148.84.

The S&P 500 fell 132.2 points, or 2.17 per cent, at the open to 5,969.04​, while the Nasdaq Composite dropped 720.3 points, or 3.61 per cent, to 19,234.042 at the opening bell. REUTERS