EMJ Capital President and founder Eric Jackson analyzes tough A.I. competition, the future of Stargate and cryptocurrency cybersecurity under the Trump administration.
U.S. tech shares tumbled on Monday after the popularity of Chinese AI startup DeepSeek raised concerns among investors over American dominance in the sector.
The tech-heavy Nasdaq Composite plunged more than 2.6% in early trading. The Dow Jones Industrial Average was down more than 100 points and the S&P 500 was down more than 1.5%.
DeepSeek is gaining attention in Silicon Valley as the company appears to be nearly matching the capability of chatbots like OpenAI’s ChatGPT, but at a fraction of the development cost.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:COMP | NASDAQ COMPOSITE INDEX | 19382.867392 | -571.43 | -2.86% |
| I:DJI | DOW JONES AVERAGES | 44367.98 | -56.27 | -0.13% |
| SP500 | S&P 500 | 5995.11 | Read more…
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