Reported 1 day ago
Concerns over the Chinese AI chatbot company DeepSeek have drastically impacted US tech stocks, erasing about a trillion dollars in market value. As investor sentiment shifts away from established giants, the Nasdaq 100 index dropped over 3%, and Nvidia is experiencing significant market cap losses. Institutional positioning in equities was changing before the recent decline, prompting many investors to exit Big Tech due to fears of decreased AI spending. Major tech earnings are forthcoming, adding to the volatility.
Source: YAHOO