DeepSeek AI China Impact – Explained: Why China’s DeepSeek triggered a slide in global AI stocks
Last night’s trading session on Wall Street left tech and artificial intelligence (AI) companies reeling, with investors scrambling to make sense of the damage.
Leading AI chipmaker Nvidia saw its market value nosedive, while shares of tech giants such as Microsoft, Alphabet, and Dell Technologies also faced sharp declines.
The tremors weren’t just limited to Wall Street; AI stocks worldwide felt the impact, all thanks to a Chinese startup called DeepSeek and the buzz around its AI models, DeepSeek-R1 and DeepSeek-V3.
DECODING THE DEEPSEEK DISRUPTION
DeepSeek rattled the global tech landscape with its low-cost AI chatbot. Its arrival poses a serious challenge to industry-leading AI models in the US, given the fact that it does it at a…
