Several major U.S. tech and artificial intelligence stocks tumbled in premarket trading early on Monday, after the successful launch of Chinese startup DeepSeek’s latest AI model—which impressed observers by running on less powerful chips that its U.S. rivals—triggered questions about America’s leadership in the space.
Since the launch of DeepSeek's latest R1 AI model last week, the company's app has surged to the top ... [+]
The tech-centric Nasdaq 100 Futures slumped by 3.1% to 21,218 early on Monday, while the S&P 500 Futures fell around 1.9% and Dow Futures were down nearly nearly 0.9%
Top AI-related tech and silicon stocks were also impacted by the selloff with the share price of chipmaking giant Nvidia dropping nearly 10% in premarket to $128.55.
Shares of Microsoft, Google and Meta were also down, dropping 4.3%, 3.1% and 4.1% respectively in early morning trading on Monday.
Top silicon stocks were also hit with chipmakers AMD and Broadcom’s shares tanking 4.53% and 10.34% respectively in the premarket, while the Dutch-listed shares of ASML—maker of the world’s most advanced chip-making machines—was down 10.62% in morning trading in Europe.
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