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A cheaper, competitive AI model from Chinese artificial intelligence company DeepSeek sparked a sell-off in the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Monday as it challenged one of the key drivers of the current bull market.
For the first time in a while, investors had a tangible reason to believe some US tech giants, namely Nvidia (NVDA) and Broadcom (AVGO), might not grow earnings by as much as initially hoped in the coming year. The team behind DeepSeek, the artificial intelligence...
>>> Read more: Why DeepSeek has been so unsettling for the stock market in 3 charts
For the first time in a while, investors had a tangible reason to believe some US tech giants, namely Nvidia (NVDA) and Broadcom (AVGO), might not grow earnings by as much as initially hoped in the coming year. The team behind DeepSeek, the artificial intelligence...
>>> Read more: Why DeepSeek has been so unsettling for the stock market in 3 charts
