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The Independent UK
The Independent UK
Business
Karl Matchett

DeepSeek: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?

Nvidia DeepSeek X Donald Trump ING United States Microsoft

The emergence of Chinese artificial intelligence firm DeepSeek rocked US tech giants’ stocks on Monday amid concerns that the new low-cost AI model would upend their dominance.

Tech shares plunged and chip maker Nvidia suffered falls of nearly 17 per cent on Monday, as President Donald Trump warned DeepSeek’s emergence was a “wake up call” for existing AI giants.

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