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    Nonilex (nonilex@masto.ai)'s status on Tuesday, 28-Jan-2025 00:01:08 JSTNonilexNonilex

    #China’s #DeepSeek #AI app sends US #tech stocks reeling
    
The tech-heavy #Nasdaq lost nearly 4% in early trading Mon, several tech companies that banked on a surge of AI interest sold off, w/ US chipmaker #Nvidia down >12% as trading got underway.
    
Analysts said the sell-off underscores anxieties about whether the massive spending on #ArtificialIntelligence ― & the specialized chips, #DataCenters & related #power #infrastructure ― are justified.

    #technocracy #broligarchy
    https://www.washingtonpost.com/business/2025/01/27/deep-seek-ai-markets-nvidia/

    In conversationabout 11 days ago from masto.aipermalink
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