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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%.Â
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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