Why DeepSeek AI Rattled Stock Markets $1 Trillion Wiped Out, NVIDIA Lost $593 Billion

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US stocks suffered a massive decline on Monday, erasing over $1 trillion in market capitalization as traders offloaded technology stocks. The sell-off was sparked by concerns over a disruptive new artificial intelligence app from Chinese startup DeepSeek. DeepSeek AI, a low-cost Chinese AI start-up, has sent shockwaves through global stock markets, causing a record $593 billion drop in Nvidia's market value overnight—the largest single-day loss ever for a Wall Street stock. Watch!