Market Insider: DeepSeek tech wipeout erases more than $1 trillion in market cap as AI panic grips Wall Street

Investment Analysis Clubs Destiny Solutions Corporation
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  • US stocks erased more than $1 trillion in market cap on Monday amid the [DeepSeek] selloff

  • The Chinese startup debuted an AI model on par with US rivals and developed at a lower cost.

  • Tech stocks plunged, with Nvidia losing around $589 billion in market cap.