This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
A wave of uncertainty took hold of American technological giants who saw their actions tumble in the stock market exchanges on Monday following an unexpected breakthrough of the Chinese start-up Deepseek.
Around 6:10 p.m. GMT, the Nasdaq index plunged 3.45%, the enlarged S&P 500 index fell 1.94%. The Dow Jones turned around, taking 0.11%, after an opening down 0.41%.
Specializing in artificial intelligence (AI), the Chinese company has set up “very efficient” AI models at a lower cost, and without the help of the most advanced equipment provided by the American giant Nvidia and others , reports the Wall Street Journal.
This situation has undermined the global companies that ride the AI wave, including flea manufacturers, infrastructure providers and energy companies, comments the daily life of business circles, adding that this performance also has Pushed investors to question the prospects for expenditure linked to AI.
The US flagship company of semiconductors and the first world capitalization, NVIDIA, dropped 16.56% to 118.98 dollars, with more than $ 500 billion in flights.
Analysts and investors thought that the advance of the United States in the semiconductor sector, as well as their ability to limit access to China to this technology, would guarantee their domination in terms of AI.
However, Deepseek, which has just dethroned the Openia tool, Chatgpt, in terms of downloads on the App Store, said that it had spent only $ 5.6 million to develop its model, a sum below billions invested by American giants.
A large part of the semiconductor sector was weighed down by the boom in the Chinese tool: Broadcoam plunged 18.27%, AMD released 6.37%, Micron won 12.76%and Marvell Technology slipped by 17, 98%.
Other tech giants, which made immense investments to make their place in the AI sector, were also at half mast, like alphabet (Google) which released 3.36% or Microsoft (-3.37%).
In addition, the VIX index – known as “index of fear” – which measures the nervousness of investors, was up more than 26%.
