The global stock market plunged as China’s DeepSeek announced a breakthrough AI model at a fraction of the cost, reversing the recent AI-fueled stock rally. Nvidia shares fell 17%, erasing $590 billion in value. Investors scrambled for safer assets.
China’s DeepSeek sending shockwaves to USA stock market
Americans on X state that “China is cooking them,” a Gen-Z term for them beating the American market. There have been several issues since President Trump took power in lieu of the relations of several countries with the United States.
Others add that the system may be unfortunately the victim of misinformation as it is shining above its slightly more established western counterparts.
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