(FILES) Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. European and Asian stock markets mostly slid on January 27, 2025, and Wall Street was forecast to open sharply lower on talk that a cheaper Chinese generative AI programme can outperform big-name rivals, notably in the United States. The programme's arrival has sparked competition fears, as US tech titans -- including Nvidia, Meta and Alphabet -- have made huge investments worth hundreds of billions of dollars into AI products that has sent their valuations soaring. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)