DeepSeek AI claims a $6M breakthrough, but is it innovation or deception? Explore China's AI strategy, Wall Street’s reaction, and the truth behind its rapid rise.

AI investors are desperately trying to find clues on the real impact of DeepSeek on chip demand in the future and gauge how the breakthrough in China would impact US companies.

As the artificial intelligence (AI) revolution enters its third year, certain Wall Street analysts expect Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) to make history by becoming the first $4 trillion companies.

Tesla, IBM and Meta Platforms helped lead most US stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.