Reported 2 days ago
Seana Smith from Yahoo Finance reports that the tech market is facing significant declines, with the Nasdaq Composite expected to lose $1 trillion due to a sell-off in major companies like Nvidia. Fears of the U.S. losing its AI edge are impacting stocks, whereas Chinese firms Alibaba and Baidu are seeing positive momentum due to the hype surrounding the new AI startup DeepSeek.
Source: YAHOO