Tech billionaires lost almost $100bn in stock market selloff sparked by DeepSeek

Tech billionaires lost almost 0bn in stock market selloff sparked by DeepSeek

DeepSeek’s cut-price challenge to US AI dominance, which wiped $600bn in Nvidia’s market value on Monday and caused the tech-weighted Nasdaq index to drop 3%, also took a bite out of the fortunes of some of the world’s wealthiest men.

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https://www.theguardian.com/technology/2025/jan/28/deepseek-selloff