Summary
Global tech stocks plunged after the launch of DeepSeek, a low-cost AI model by Chinese startup DeepSeek, sparked investor concerns over the dominance and valuation of AI giants like Nvidia.
Nvidia shares fell 17%, wiping $593 billion in market value—the largest single-day loss for any company.
The selloff impacted chipmakers, AI firms, and datacenter companies globally.
Analysts view DeepSeek’s cost-efficient model as intensifying competition, potentially challenging U.S. tech dominance.
But I thought Trump would save the economy singlehandedly on day one? /s
Wait, what? The whole thing was a bubble? Who could possibly have seen that coming!
So the old model of “throw more power at it and see what happens” finally broke. It’s a computer, not a V8.
Now our governments will give a shit for AI IP trampling. Or at least it would, if the “leader of the free world” wasn’t so busy threatening it and re-prioritizing concerns. Eat the shit pie whole, Elon.
pkill -signal 9 “AI” >/dev/nul
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