DeepSeek Sends Silicon Valley Stocks Into Deep Dive

<p>A newly released AI app from Chinese firm DeepSeek has sent several of the top Silicon Valley stocks into a deep dive Monday&period;<&sol;p>&NewLine;<p>DeepSeek was released this weekend and has become the No&period; 1 app downloaded on Apple&&num;8217&semi;s App Store&period; The company reportedly used only &dollar;5 million to create its AI technology&comma; which is a fraction of what&&num;8217&semi;s being spent at OpenAI&comma; Apple and Meta&period;<&sol;p>&NewLine;<p>NVIDIA and Broadcom have been the biggest beneficiary of the surge in AI technology for demand in their chips used in AI data centers&period;<&sol;p>&NewLine;<p>Shares in NVIDIA plunged 16&period;8&percnt; and Broadcom was down 17&period;4&percnt;&comma; wiping out over &dollar;700 billion of stock market value of these two companies in one day&period;<&sol;p>&NewLine;<p><&excl;-- TradingView Widget BEGIN --><&sol;p>&NewLine;<div class&equals;"tradingview-widget-container">&NewLine;<div class&equals;"tradingview-widget-container&lowbar;&lowbar;widget"><&sol;div>&NewLine;<div class&equals;"tradingview-widget-copyright"><a href&equals;"https&colon;&sol;&sol;www&period;tradingview&period;com&sol;" rel&equals;"noopener nofollow" target&equals;"&lowbar;blank"><span class&equals;"blue-text">Track all markets on TradingView<&sol;span><&sol;a><&sol;div>&NewLine;<p> <script type&equals;"text&sol;javascript" src&equals;"https&colon;&sol;&sol;s3&period;tradingview&period;com&sol;external-embedding&sol;embed-widget-symbol-overview&period;js" async>&NewLine; &lbrace;&NewLine; "symbols"&colon; &lbrack;&NewLine; &lbrack;&NewLine; "Google"&comma;&NewLine; "GOOGL&vert;1D"&NewLine; &rsqb;&comma;&NewLine; &lbrack;&NewLine; "Microsoft"&comma;&NewLine; "MSFT&vert;1D"&NewLine; &rsqb;&comma;&NewLine; &lbrack;&NewLine; "NASDAQ&colon;NVDA&vert;1D"&NewLine; &rsqb;&comma;&NewLine; &lbrack;&NewLine; "NASDAQ&colon;AMD&vert;1D"&NewLine; &rsqb;&comma;&NewLine; &lbrack;&NewLine; "NASDAQ&colon;AVGO&vert;1D"&NewLine; &rsqb;&NewLine; &rsqb;&comma;&NewLine; "chartOnly"&colon; false&comma;&NewLine; "width"&colon; "100&percnt;"&comma;&NewLine; "height"&colon; "100&percnt;"&comma;&NewLine; "locale"&colon; "en"&comma;&NewLine; "colorTheme"&colon; "light"&comma;&NewLine; "autosize"&colon; true&comma;&NewLine; "showVolume"&colon; false&comma;&NewLine; "showMA"&colon; false&comma;&NewLine; "hideDateRanges"&colon; false&comma;&NewLine; "hideMarketStatus"&colon; false&comma;&NewLine; "hideSymbolLogo"&colon; false&comma;&NewLine; "scalePosition"&colon; "right"&comma;&NewLine; "scaleMode"&colon; "Normal"&comma;&NewLine; "fontFamily"&colon; "-apple-system&comma; BlinkMacSystemFont&comma; Trebuchet MS&comma; Roboto&comma; Ubuntu&comma; sans-serif"&comma;&NewLine; "fontSize"&colon; "10"&comma;&NewLine; "noTimeScale"&colon; false&comma;&NewLine; "valuesTracking"&colon; "1"&comma;&NewLine; "changeMode"&colon; "price-and-percent"&comma;&NewLine; "chartType"&colon; "area"&comma;&NewLine; "maLineColor"&colon; "&num;2962FF"&comma;&NewLine; "maLineWidth"&colon; 1&comma;&NewLine; "maLength"&colon; 9&comma;&NewLine; "headerFontSize"&colon; "medium"&comma;&NewLine; "lineWidth"&colon; 2&comma;&NewLine; "lineType"&colon; 0&comma;&NewLine; "dateRanges"&colon; &lbrack;&NewLine; "1d&vert;1"&comma;&NewLine; "1m&vert;30"&comma;&NewLine; "3m&vert;60"&comma;&NewLine; "12m&vert;1D"&comma;&NewLine; "60m&vert;1W"&comma;&NewLine; "all&vert;1M"&NewLine; &rsqb;&NewLine;&rcub;&NewLine; <&sol;script>&NewLine;<&sol;div>&NewLine;<p><&excl;-- TradingView Widget END --><&sol;p>&NewLine;