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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

China Extends 24% Tariff Suspension For A Year, Crypto Gets A Macro Tailwind

China Extends 24% Tariff Suspension For A Year, Crypto Gets A Macro Tailwind

China confirmed it will keep its suspension of the additional 24% tariff on U.S. good...
China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000

China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000

The Chinese government has announced it will suspend the 24% additional tariffs curre...

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

China Extends 24% Tariff Suspension For A Year, Crypto Gets A Macro Tailwind

China Extends 24% Tariff Suspension For A Year, Crypto Gets A Macro Tailwind

China confirmed it will keep its suspension of the additional 24% tariff on U.S. good...
China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000

China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000

The Chinese government has announced it will suspend the 24% additional tariffs curre...