AI-Fueled Stock Rally Dealt $1 Trillion Blow by Chinese Upstart
finance.yahoo.com
(Bloomberg) -- 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.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat Happened to Hanging Out on the Street?Budapest Mayor Aims to Block Orban’s Plans to Build ‘Mini Dubai’Vien

Chinese artificial intelligence startup DeepSeek’s latest AI model sparked a $1 trillion rout in US and European technology stocks, as investors questioned bloated valuations for some of America’s biggest companies.

  • OmegaLemmy
    8·
    3 days ago

    I thought everyone knew stocks were all vibes by now, private market might improve with competition but a public stock will always pick the most flashy option even if it’s shit just for appeal or they quite literally lose everything if it goes slightly wrong