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.

#MarketPullback #MicroStrategyAcquiresBTC #JoblessClaimsUp #JUPBuybacks #AnimecoinOnBinance

$BTC $ETH $XRP