By Sinéad Carew, Medha Singh and Amanda Cooper NEW YORK/BENGALURU/LONDON (Reuters) -Semiconductor stocks were a mixed bag on Wednesday, with European chip stocks rallying on strong earnings while U.S.

The success of DeepSeek’s new AI model points to how China might eventually achieve an even bigger technological breakthrough in the face of US export curbs: Producing its own cutting-edge chips.

Computer chip equipment maker ASML's CEO on Wednesday made the case that the advent of efficient AI models such as one China's DeepSeek has launched is a net positive for chip markets. Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by "hyperscalers" - companies such as Google,

ASML Holding NV brushed off concerns about the artificial intelligence-driven demand for its chipmaking machines after Chinese startup DeepSeek’s low-cost chatbot roiled markets earlier in the week.

DeepSeek prompted a major sell off of tech stocks this week, but ASML's chief says the artificial-intelligence upstart could boost the chips sector in the longer term. Tech stocks—including ASML—fell

OpenAI itself has been accused of building ChatGPT by inappropriately accessing content it didn't have the rights to.

It’s impossible to look at the Chinese artificial intelligence startup DeepSeek’s new AI model without comparing it against OpenAI, the dominant American rival.DeepSeek has touted its latest AI model,

DeepSeek’s emergence has raised concerns that China may have overtaken the US in the artificial intelligence race despite restrictions on its access to the most advanced chips.