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Chinaâs artificial intelligence (AI) startup DeepSeek sparked a tech sell-off on Monday as investors reacted to fears over a cheaper, open-source large language model. Concerns about the potential impact on the AI dominance of the United States weighed heavily on markets.
The Nasdaqâ100-based tech-heavy exchange-traded fund (ETF) QQQ lost 2.9% on Jan. 27, 2025, due to the slump in NVIDIA NVDA, whose stock plunged 16.9%, wiping out a staggering $589 billion in market value.
This downt...
>>> Read more: DeepSeek AI Fears Overrated? ETFs in Focus
The Nasdaqâ100-based tech-heavy exchange-traded fund (ETF) QQQ lost 2.9% on Jan. 27, 2025, due to the slump in NVIDIA NVDA, whose stock plunged 16.9%, wiping out a staggering $589 billion in market value.
This downt...
>>> Read more: DeepSeek AI Fears Overrated? ETFs in Focus
