DeepSeek's Impact on Global Markets
Chinese AI startup DeepSeek has shaken global tech markets with its new AI model, built at a fraction of the cost of rivals like ChatGPT. This innovation has forced investors to rethink the future of the tech industry, triggering sharp market declines.
Key Effects:
Nvidia’s Record Loss: The company lost $589 billion in market value as its stock plunged 17%, marking the largest single-day loss in U.S. stock market history.
Tech Sector Fallout: The Nasdaq fell over 3%, with the tech industry losing over $1 trillion in value overall.
Why It Happened:
DeepSeek’s cost-efficient AI challenges the dominance of established companies, raising concerns about their profitability and competitiveness.
Conclusion:
DeepSeek’s entry highlights the disruptive potential of AI and underscores the volatility it brings to global markets.
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