DeepSeek’s AI Disruption Sends $593 Billion Shockwave Through Global Markets, Nvidia Leads Tech Rout and also Indian ai tech market.
DeepSeek, launched in Jan 2025, offers low-cost AI solutions that work on reduced-capability chips, disrupting tech markets.
DeepSeek’s rise triggered a record $593B loss for Nvidia, marking a 17% single-day drop, shaking U.S. tech stocks.
Nasdaq fell 3.1% as DeepSeek’s low-cost AI sparked fears, hitting Broadcom, Alphabet, Microsoft, and more.
Nifty IT index dropped 3.35%, with Dixon and Kaynes Tech facing sell-offs amid fears of Chinese AI dominance.
Operating efficiently on low-end chips, DeepSeek questions U.S. tech export controls and challenges global AI leaders.
Cost-effective innovation reshapes AI dominance; U.S. giants must adapt to China's emerging AI ecosystem.