U.S. Tech Firms Plunge Post-DeepSeek

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premarket trading

CNBC

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Technology

Nvidia falls 10% in premarket trading as China's DeepSeek triggers global tech sell-off

Summary

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84% Informative

Shares of chip designer Nvidia , a huge beneficiary of the AI hype, were down 9.84% at 05:11 a.m. ET .

DeepSeek launched a free, open-source large-language AI model in late December , claiming it was developed in just two months at a cost of under $6 million .

The developments have stoked questions about the large amounts of money big tech companies have been investing in AI models and data centers.

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