China’s DeepSeek fuels US inventory market chaos: Tech shares hunch, Nvidia plunges 17%, Nasdaq drops 3.1%, S&P 500 slides 1.5% – The Instances of India

China’s DeepSeek fuels US inventory market chaos: Tech shares hunch, Nvidia plunges 17%, Nasdaq drops 3.1%, S&P 500 slides 1.5% – The Instances of India

Wall Avenue confronted a significant shock on Monday as Chinese language AI startup DeepSeek emerged as a formidable competitor, triggering a sell-off in US tech shares. NVIDIA, one of many largest beneficiaries of the AI increase, noticed its inventory plunge by virtually 17%, closing at $118.58 . This got here after DeepSeek, a Chinese language…

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