Reported 2 days ago
The introduction of a cheaper AI model by Chinese company DeepSeek has caused unrest in the stock market, triggering a sell-off in major indices like the S&P 500 and Nasdaq. Investors fear that this model, utilizing less expensive chips and data, could hinder earnings growth for US tech giants, particularly Nvidia and Broadcom. As a result, scrutiny over Big Tech's earnings may increase, signaling a potential shift in market dynamics from the dominance of a few leading companies to a more diversified stock market landscape.
Source: YAHOO