🚨🇫🇷 NASDAQ UP 2% OVERALL AS CHINA AI THREATS TECH RALLY
Nasdaq futures fell 430 points, threatening to wipe out $1 trillion in stock market value, as DeepSeek's efficient AI model challenges U.S. tech dominance.
The Chinese startup's ability to run advanced artificial intelligence on commodity chips has knocked Nvidia and other AI leaders off the map.
The sell-off is intensifying pressure on U.S. tech stocks that are already trading at premium valuations, with the Nasdaq 100 trading at 27 times forward earnings versus 24 times its three-year average.
Source: Bloomberg, @KobeissiLetter
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