How China’s Deepseek sent shockwaves in American stock market, wiping out billions from market cap of tech superstar – The Times of India
A Chinese competitor’s emergence in the artificial intelligence (AI) arena triggered a sharp sell-off in Wall Street’s tech sector on Monday, threatening the spending boom fueled by the AI frenzy. Big Tech stocks took some of the heaviest losses, with Nvidia down 14.4%, and they dragged the Nasdaq composite down 2.8%. According to Bloomberg, the…