Nasdaq Tumbles: NVIDIA, Broadcom and Microsoft Pull the Market Down
- China's new AI model, DeepSeek, caused a $1 trillion withdrawal from stocks in the U.S. And Europe on Monday.
- Nvidia's stock dropped over 12% as investors reacted to the rise of DeepSeek, which became the most downloaded app in the U.S.
- If losses persist, the Nasdaq 100 and Europe's Stoxx 600 technology sub-index could see a $1.2 trillion market capitalization wipeout.
- Analysts are concerned that China may be challenging the U.S. In AI, raising doubts about the profitability of American investments in the sector.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right4Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 25%
C 42%
R 33%
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