Stocks Sink as Investors Worry About China’s A.I. Advances #shorts #stockmarket #deepseek

#stocks #stockmarket #financestock #stockmarketnews #chipstocksinvestor #stockstobuy #stock Stocks Sink as Investors Worry About China’s A.I. Advances Stiffer competition for the tech giants at the forefront of the artificial intelligence boom prompted investors to reassess the companies’ sky-high valuations and aggressive spending plans. A jolt of panic hit big technology stocks on Monday, with investors rattled by fears that advances in artificial intelligence by Chinese upstarts could threaten the moneymaking power of tech giants in the United States, Europe and beyond. The Chinese A.I. company DeepSeek has made waves by matching the abilities of cutting-edge chatbots while using a fraction of the specialized computer chips that leading A.I. companies rely on. That has prompted investors to rethink the large returns they are expecting on the heady valuations of chipmakers like Nvidia, whose equipment powers the most advanced A.I. systems, as well as the enormous investments that companies like Google, Meta and OpenAI are making to build their A.I. businesses. U.S. markets tumbled at the open, with the S&P 500 slumping more than 2 percent and the tech-heavy Nasdaq dropping 3.5 percent. Tech stocks also dented markets in Europe and Japan.