Stock market hemorrhages $1TRILLION as Nasdaq drops 4% on fears China is winning AI arms race

---

Stock market hemorrhages $1TRILLION as Nasdaq drops 4% on fears China is winning AI arms race

---

Wall Street indexes sank as much as four percent in premarket trading on Monday after a Chinese artificial intelligence startup triggered fears America's top tech stocks are overvalued. Investors dumped around $1 trillion of technology stocks in premarket trading sending the S&P 500 2.3 percent lower before the bell. The tech-heavy Nasdaq has been hit harder, tumbling 3.9 percent before markets open at 9:30am. Chinese artificial intelligence startup DeepSeek demonstrated a chatbot that it says rivals the top versions from OpenAI and Google for a fraction of the cost.
Read More >> Full Article on Source: CELEBS MAG
#US #ShowBiz #Sports #Politics #Celebs #Arrest #Eggs #Illegals #Tom Homan #JD Vance #Walmart