this post was submitted on 27 Jan 2025
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DeepSeek Buzz Puts Tech Shares on Track for $1 Trillion Drop (finance.yahoo.com)
submitted 1 year ago by OppaGundamStyle@discuss.tchncs.de to c/world@quokk.au
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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.

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[–] OmegaLemmy@discuss.online 8 points 1 year 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