Nvidia supplier Advantest leads Japanese chip stock rout on DeepSeek concerns
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Nvidia supplier Advantest led a decline in Japanese chip stocks due to concerns over China's DeepSeek AI model, which raised questions about slowing capital spending on AI infrastructure. Advantest Corp. fell 10%, while other firms like Tokyo Electron and Renesas lost 4-6%. The global tech stock rout, particularly affecting AI-linked companies, was exacerbated by DeepSeek's claims of matching competitors' performance at a lower cost, questioning the justification for massive investments in advanced AI chips.
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