U.S. stock markets tumble as investors worry about DeepSeek

This photo illustration shows the DeepSeek app on a mobile phone in Beijing on Jan. 27. Chinese firm DeepSeek’s artificial intelligence chatbot has soared to the top of the Apple Store’s download charts. Greg Baker/AFP via Getty Images

Greg Baker/AFP via Getty Images

China may be about to burst Silicon Valley’s AI bubble — and Wall Street is freaking out.

U.S. tech stocks plunged on Monday, amid a wider market sell-off. The culprit: DeepSeek, a Chinese artificial intelligence company that last week introduced a new — and low-cost — model into the red-hot AI tech market.

DeepSeek on Monday morning

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