Prominent US blue-chip stocks tumbled sharply on Monday, with the Nasdaq composite plunging just over 3 percent and the S&P 500 shedding 1.46 percent, according to CNBC. The significant downturn has been attributed to the remarkable emergence of DeepSeek, a Chinese mainland-based AI chatbot.
In response to the rapid advancements of DeepSeek, former President Donald Trump has issued warnings to US companies, urging them to bolster their own AI developments to remain competitive in the global market. This situation highlights the growing tensions in the technology sector between US companies and their counterparts in the Chinese mainland.
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DeepSeek causes top AI stocks to tumble as Trump warns US companies
cgtn.com
