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Nvidia’s $589B DeepSeek rout
(Bloomberg) -- ASML Holding NV shares tanked along with global technology stocks on Monday as Chinese artificial intelligence startup DeepSeek sparked fear over Western technological dominance.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan. 30ASM
(Bloomberg) -- ASML Holding NV shares tanked along with global technology stocks on Monday as Chinese artificial intelligence startup DeepSeek sparked fear over Western technological dominance. The technology heavy Nasdaq 100 futures index slumped 3%. The Dutch company makes machines needed to produce high-end chips that power everything from electric vehicles to military gear, and it’s benefited from a surge in AI spending.
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