💨 Abstract

tech shares dropped sharply on Monday following the success of Chinese startup DeepSeek's low-cost AI model, raising doubts about the sector's valuations. This led to a global selloff, with investors seeking safety in U.S. government bonds and safe-haven currencies. The Dow, S&P 500, and Nasdaq Composite all declined, with Nvidia leading the tech drop.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖