US stock markets took a rollercoaster ride on Monday as the Nasdaq composite plunged over 3%, and the S&P 500 shed 1.46%, according to CNBC reports. The cause? The surprising emergence of DeepSeek, a new AI chatbot from the Chinese mainland that's shaking up the tech world. 🌐🤖
DeepSeek's debut has investors buzzing. The chatbot's advanced capabilities are making waves in the tech industry, prompting a sell-off in some US AI stocks. Traders are taking note of DeepSeek's potential to innovate and compete on a global scale, leading to shifts in market confidence.
In response to these developments, former US President Donald Trump urged US companies to bolster their innovation efforts. He emphasized the importance of staying competitive in the rapidly evolving AI landscape. 🗣️🇺🇸
The tech community is abuzz with reactions. Some see DeepSeek's rise as a wake-up call for US companies to double down on AI development, while others believe it's an opportunity for international collaboration. Either way, the arrival of DeepSeek has certainly sent shockwaves through Wall Street and Silicon Valley alike.
As the dust settles, one thing is clear: the AI race just got a lot more interesting. Whether DeepSeek will continue to disrupt the market remains to be seen, but for now, all eyes are on the next moves of both US and Chinese tech giants. 🚀
Reference(s):
DeepSeek causes top AI stocks to tumble as Trump warns US companies
cgtn.com
