DeepSeek Buzz Puts Tech Stocks on Track for $1 Trillion Wipeout

www.bloomberg.com AI-Fueled Stock Rally Dealt $1 Trillion Blow by Chinese Upstart

For the better part of two years, artificial intelligence technologies have been a nonstop gift for US equities investors. The Nasdaq 100 Index rose 92% from the start of 2023, adding more than $14 trillion in value and minting billions for a handful of tech executives and founders.

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2w ago

Chinese DeepSeek Buzz Puts Western Tech Companies on Track for $1 Trillion Wipeout

www.bloomberg.com /news/articles/2025-01-27/nasdaq-futures-slump-as-china-s-deepseek-sparks-us-tech-concern

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39 comments

should've called it "deepsink" as it sinks the US tech giants
pow
- This photo of panicking traders with tears in their eyes is the only true bit of art that AI has ever produced ```
- Call it Titan II because it's sinking more money faster than anything since that beautiful imploding submersible
  (I just wanted everyone to enjoy the memory of when that stupid submersible imploded. Almost like a prelude to Year of Luigi. Now China is trying to 1929 the entire AI tech bubble)