‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot
‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot
Emergence of DeepSeek raises doubts about sustainability of western artificial intelligence boom
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"wiped"? There was money and it ceased to exist?
The money went back into the hands of all the people and money managers who sold their stocks today.
Edit: I expected a bloodbath in the markets with the rhetoric in this article, but the NASDAQ only lost 3% and the DJIA was positive today...
Nvidia was significantly over-valued and was due for this. I think most people who are paying attention knew that
There’s been a lot of disproportionate hype around deepseek lately
Trump counterbalance keeping it in check but my gut is saying once tariffs come in February there's going to be a market correction. Pure speculation on my part.
You don't have to say speculation when talking about the future of stocks. It's implied unless you are a time traveler in which case you should lead with that.
I am a time traveller and I was trying to throw you off my trail but I seem to have failed.
To be fair, NQ futures momentarily dropped 5% before recovering some. A few days from now on would be interesting.
"off US stocks"
It's pixie dust