China’s DeepSeek AI startup has shaken the foundations of Silicon Valley. The revolutionary AI technology has not only disrupted the US market but also caused a stir across global markets. One of the biggest casualties has been Nvidia, whose shares plummeted by a significant 17%. As a result, the company’s market capitalization has dropped by an alarming $590 billion, which is equivalent to ₹50 lakh crore. DeepSeek’s success in artificial intelligence is disrupting established industry leaders and challenging the dominance of major players in the tech sector. As AI innovation in China continues to surge, the ripple effects on global markets are becoming increasingly apparent, raising concerns for companies and investors alike. This new era of AI development could potentially redefine the global tech landscape.
