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Deepseek's market shock: What you need to know
A breakthrough AI model by Chinese upstart DeepSeek created a storm in global financial markets in January, slashing nearly USD 1 trillion of US tech sector market capitalization in a single day and forcing a dramatic rethink of AI valuations.
Nvidia plunged 17%, with other semiconductor stocks also suffering steep single-day losses, including Broadcom (-17%), Marvell Technology (-19%), and Micron (-11%). The Philadelphia Semiconductor Index dropped 9.2%, its sharpest decline since March 2020.
Listen to this podcast to hear the full story.
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By Intuition Publishing (www.intuition.com)A breakthrough AI model by Chinese upstart DeepSeek created a storm in global financial markets in January, slashing nearly USD 1 trillion of US tech sector market capitalization in a single day and forcing a dramatic rethink of AI valuations.
Nvidia plunged 17%, with other semiconductor stocks also suffering steep single-day losses, including Broadcom (-17%), Marvell Technology (-19%), and Micron (-11%). The Philadelphia Semiconductor Index dropped 9.2%, its sharpest decline since March 2020.
Listen to this podcast to hear the full story.