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DeepSeek Has Used Banned Nvidia Chips: Report; Cracker Barrel Slides; GameStop Falls on Earnings
Published 3 months, 1 week ago
Description
On this episode of Stock Movers:
- Chinese artificial intelligence startup DeepSeek has relied on Nvidia Corp. chips that are banned in the country to develop an upcoming AI model, according to a new report in The Information.
- Cracker Barrel (CBRL) shares drop after the casual dining chain reported weaker-than-expected sales results for its first quarter, and cut its annual sales and profit guidance. Traffic declined 7.3% in the quarter, and is even worse so far this period.
- GameStop (GME) shares slide after the video-game retailer reported net sales for the third quarter that declined nearly 5% year-over-year.
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