US Tech Stocks Hit Hard by DeepSeek’s Rise with Nvidia Losing $600 Billion Market Cap
On Monday, Nvidia experienced the largest one-day drop in market capitalization in U.S. history, losing nearly $600 billion. This significant decline, alongside broader pressure on U.S. tech stocks, was driven by investor concerns over the emergence of DeepSeek, a Chinese AI startup offering a free and low-cost alternative to existing AI services. The company’s success […]
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