DeepSeek Jitters Shatter US Tech Stocks, Wipe Out $1.2 Trillion On Wall Street: Analyst Eyes Four Chinese Giants Set To Benefit

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AI infrastructure and data center stocks are also seeing steep declines, with GE Vernova Inc.(NYSE:GEV) plummeting 14%, Vistra Corp.(NYSE:VST) and Constellation Energy Corp.(NASDAQ:CEG) both sliding 11.5%, and Arista Networks Inc.(NYSE:ANET) falling 10%.

U.S.tech stocks are crumbling like dry sand in premarket trading Monday as Chinese open-source artificial intelligence platform DeepSeek R1 sparks investor fears over AI competition and capital allocation into high-cost American firms.

Semiconductor stocks, the backbone of AI development, are bearing the brunt of the selloff, with AI darling Nvidia Corp.(NASDAQ:NVDA) plunging 12%, potentially eyeing its worst day since March 18, 2020.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesChina

Topics: Broad U.S. Equity ETFs CEG Tech AI MRVL BABA Large Cap Magnificent Seven ARM NVDA US67066G1040 TCEHY US4642875235 GDS AVGO Econ #s ETFs US90138A1034 Benzinga Equities Asia ANET GEV DeepSeek Sector ETFs SG9999006241 BMG5876H1051 VNET VST SOXX Artificial intelligence Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 14:14:55 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 25505979

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