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China’s DeepSeek AI Wipes Out $1 Trillion From US Crypto and Tech Markets


by Peter Mwangi
for CoinEdition
DeepSeek AI Triggers $1T Loss in US Crypto, Tech Markets
  • DeepSeek’s low-cost AI models disrupt U.S. tech, causing market volatility.  
  • Major AI stocks drop, losing over $1 trillion in market cap amid DeepSeek’s rise.  
  • Experts see current AI dip as a buy opportunity, highlighting DeepSeek’s scalable models.

AI-related digital assets took a hit, thanks to the impact caused by DeepSeek, a Chinese AI startup. Known for developing AI models at a fraction of the cost spent by Silicon Valley giants, DeepSeek’s rise in the market has caused volatility across tech stocks and the AI market.

The market reacted quickly as major AI tokens, including companies, declined. The affected companies include Arm ($ARM), Nvidia ($NVDA), Broadcom ($AVGO), Super Micro ($SMCI), and others, all losing between 2% and 5.5% in value. 

The Nasdaq 100 futures fell by more than 2%, losing over 470 points, wiping o…

The post China’s DeepSeek AI Wipes Out $1 Trillion From US Crypto and Tech Markets appeared first on Coin Edition.

Read the article at CoinEdition

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China’s DeepSeek AI Wipes Out $1 Trillion From US Crypto and Tech Markets


by Peter Mwangi
for CoinEdition
DeepSeek AI Triggers $1T Loss in US Crypto, Tech Markets
  • DeepSeek’s low-cost AI models disrupt U.S. tech, causing market volatility.  
  • Major AI stocks drop, losing over $1 trillion in market cap amid DeepSeek’s rise.  
  • Experts see current AI dip as a buy opportunity, highlighting DeepSeek’s scalable models.

AI-related digital assets took a hit, thanks to the impact caused by DeepSeek, a Chinese AI startup. Known for developing AI models at a fraction of the cost spent by Silicon Valley giants, DeepSeek’s rise in the market has caused volatility across tech stocks and the AI market.

The market reacted quickly as major AI tokens, including companies, declined. The affected companies include Arm ($ARM), Nvidia ($NVDA), Broadcom ($AVGO), Super Micro ($SMCI), and others, all losing between 2% and 5.5% in value. 

The Nasdaq 100 futures fell by more than 2%, losing over 470 points, wiping o…

The post China’s DeepSeek AI Wipes Out $1 Trillion From US Crypto and Tech Markets appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Nvidia Pays 15%, Still Beats H20 With New Blackwell Chip for China

Nvidia Pays 15%, Still Beats H20 With New Blackwell Chip for China

Nvidia’s B30A AI chip China development represents the company’s latest ...
Deutsche Bank Projected Fed Rate Cuts Surprise Markets

Deutsche Bank Projected Fed Rate Cuts Surprise Markets

Detail: https://coincu.com/markets/deutsche-bank-fed-rate-cuts-impact/