Reported 2 days ago
Global technology stocks experienced a significant downturn as the market reacted to the introduction of a low-cost AI model by China's DeepSeek, challenging the primacy of established leaders like Nvidia. Nvidia's shares plummeted 17%, causing a substantial market loss, but showed signs of recovery the following day. The development has raised concerns among investors about inflated valuations in the tech sector and could signal a shift in the AI landscape, highlighting the risks associated with heavy investments in technology stocks.
Source: YAHOO