The release of DeepSeek’s cost-effective AI model sent shockwaves through the markets on Monday, hitting the technology sector, particularly AI and semiconductor stocks, hard. The Magnificent Seven stocks, often viewed as market leaders, came under significant pressure as the new AI model challenged their dominance and raised concerns about future capital-intensive investments.
Among the most brutal hit was NVIDIA (NASDAQ: NVDA), which shed nearly $600 billion in market capitalization. Yet, amidst this market-wide sell-off, Apple Inc. (NASDAQ: AAPL) stood out as an anomaly. The tech giant avoided the sell-off and closed in the green, outperforming both the broader market and its Magnificent Seven peers. By Tuesday, Apple’s momentum continued, with shares surging an additional 3.8% at the time of writing, bringing its weekly gain to over 7%.
