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Wall St opens sharply lower as China's AI push rattles Big Tech

Wall St opens sharply lower as China's AI push rattles Big Tech
Wall St opens sharply lower as China's AI push rattles Big Tech

(Reuters) - Wall Street's main indexes opened lower on Monday, as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology.

The Dow Jones Industrial Average fell 275.4 points, or 0.62%, at the open to 44,148.84. The S&P 500 fell 132.2 points, or 2.17%, at the open to 5,969.04​, while the Nasdaq Composite dropped 720.3 points, or 3.61%, to 19,234.042 at the opening bell. 

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