China DeepSeek AI Kills USA Tech, NVDA and Chip Stocks
by
, 01-29-2025 at 07:29 AM (84 Views)
The sharp selloff in tech stocks, including Nvidia (NVDA), this morning signals speculative capital rapidly retreating from high-growth tech plays and risky assets across the board.
The trigger? Last week’s launch of DeepSeek, a new AI assistant developed by a Chinese startup, has soared to the top of app store download charts. Analysts are buzzing over its performance, noting it rivals ChatGPT while operating on less-advanced hardware. For a deep dive into DeepSeek, click here for the QuickTake.
more...