China’s DeepSeek fuels US stock market chaos: Tech stocks slump, Nvidia plunges 17%, Nasdaq drops 3.1%, S&P 500 slides 1.5%
Wall Street faced a major shock on Monday as Chinese AI startup DeepSeek emerged as a formidable competitor, triggering a sell-off in US tech stocks. NVIDIA, one of the biggest beneficiaries of the AI boom, saw its stock plunge by almost 17%, closing at $118.58 . This came after DeepSeek, a Chinese startup founded in…