DeepSeek’s Rise Sparks Panic: U.S. Tech Giants Lose Trillions in Market Value
DeepSeek Overnight Shakes Up U.S. Tech Stocks, NVIDIA Plummets 13% in Pre-Market, Losing Over $300 Billion in Market Value On January 27, as China was about to welcome the Lunar New Year, the “phenomenal” rise of Chinese AI startup DeepSeek “upended” U.S. tech stocks, sparking doubts about America’s technological dominance. In pre-market trading that day,…