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Published on 28 Jan 2025 on Benzinga

Tech Stocks Tumble On AI Nightmare, Nvidia Eyes Worst Day Since March 2020,...

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A wild selloff rattled tech stocks on Monday, striking at the heart of AI optimism as China’s DeepSeek startup unveiled an open-source large language model platform that outperforms OpenAI’s ChatGPT at a fraction of the cost.

The shockwave hit U.S. markets hard, raising fears over intensifying AI competition just as companies pour heavy investments into the new technology.

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