Summary
Global tech stocks plunged after the launch of DeepSeek, a low-cost AI model by Chinese startup DeepSeek, sparked investor concerns over the dominance and valuation of AI giants like Nvidia.
Nvidia shares fell 17%, wiping $593 billion in market value—the largest single-day loss for any company.
The selloff impacted chipmakers, AI firms, and datacenter companies globally.
Analysts view DeepSeek’s cost-efficient model as intensifying competition, potentially challenging U.S. tech dominance.
If retirement is years away, this is barely going to be a blip on the radar. Outside of a full blown depression, the market will recover. Hell, even after a depression, the market will recover if given enough time. If you had your entire retirement invested in a single sector or company, you deserve to lose 17% of it overnight tbh.