What is DeepSeek, and why is it causing Nvidia and other stocks to slump?

What is DeepSeek, and why is it causing Nvidia and other stocks to slump?

A Chinese artificial intelligence company called DeepSeek is grabbing America’s attention — and sending a shock wave through Wall Street — due to its new tech, which some experts say rivals that of OpenAI’s ChatGPT. 

DeepSeek is also catching…

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https://www.cbsnews.com/news/what-is-deepseek-ai-china-stock-nvidia-nvda-asml/