DeepSeek AI selloff hits the NZX as Infratil shares slide

Infratil owns a significant stake in CDC Datacentres. (Image: Infratil)

Tue, 28 Jan 2025

Infratil has been touched by the global artificial intelligence stock selloff with its shares falling up to 5% in trading on Tuesday. Shares in market darling Nvidia and other related artificial intelligence (AI) stocks plunged in the wake of the release of a free and low-cost chatbot from Chinese startup DeepSeek. DeepSeek said its AI assistant uses less data and is a cheaper solution than its US rivals including Chat GPT. The release rebooted fears of an AI bubble for stocks, including those of high-tech chip maker Nvidia, whic...

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