Nvidia sinks as Chinese AI startup Deepseek spooks global markets
Nvidia shares and other US tech giants tumbled on Monday as Chinese artificial intelligence (AI) startup Deepseek disrupted global markets.
Nvidia, a key driver of the AI stock boom due to its advanced chips, saw its shares plummet over 11 per cent on Germany’s Tradegate on Monday.
The $3.49 trillion (£2.79 trillion) worth chip maker is trading at $142.62 (£114.09), nearly ten per cent down in pre-market from Friday’s close.
Meanwhile, Nasdaq 100 futures fell 3.2 per cent, with the S&P 500 also dropping 1.9 per cent early Monday.
https://www.cityam.com/nvidia-sinks-as-chinese-ai-startup-deepseek-spooks-global-markets/