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T&G Market Recap #93: Nasdaq Plunges šŸ“‰ Nvidia Loses $589B Amid AI Panic! šŸšØšŸ’»

The Nasdaq tanked today, losing over 3% as Nvidia saw a record $589 billion wiped out in market value. What triggered the chaos?

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The Nasdaq Composite plunged over 3% on Monday, led by a 17% drop in Nvidia (NVDA) that wiped out $589 billion in market value. What happened? Chinese AI startup DeepSeek rattled the tech world by claiming its models are cheaper and more efficient than U.S. competitors.

Key Takeaways:

  • Tech Tumbles: Nvidia, Microsoft, and Amazon took heavy losses, while Apple and defensive sectors like healthcare gained.

  • Geopolitical Tensions: Trump’s tariff threats and the rise of China’s AI startups are fueling market uncertainty.

  • Big Tech Earnings Ahead: Apple, Meta, and Microsoft report this week—investors will be watching for guidance on AI spending.

Why It Matters:
The AI boom has been a key driver of tech stocks. DeepSeek’s claims challenge the high-cost infrastructure model U.S. companies rely on, raising questions about the future of AI profitability and America’s tech dominance.

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