Artificial intelligence (AI) stocks were hot in recent years, but that began to change in 2026. Wall Street's "Great Rotation" away from the technology sector this year resulted in plunging share prices. The tech-heavy Nasdaq Composite was particularly affected, entering correction territory in the first quarter.

DeepSeek, the Chinese startup whose low-cost AI model stunned the world last year, launched on Friday a preview of a highly ​awaited new model adapted for Huawei chip technology, underlining China's growing autonomy in the sector.