Tech Stocks Fall on AI Nightmare on NVIDIA AINMARE from March 2020, Bitcoin Drops Below $100,000: What Will Drive Markets on Monday? -Apple (NASDAQ:AAPL)

A wild sell-off rocked tech stocks on Monday, at the heart of AI optimism, as China’s DeepSeek startup launched an open source large-scale language model platform that outperforms Openai’s Chatgpt at a fraction of the cost .

Shockwave hit the U.S. market, raising concerns about intensifying competition in AI just as companies pour money into new technologies.

The elite giant’s seven stocks collectively slashed about $600 billion in market value, Nvidia Corp. NVDA That alone eliminated $450 billion, or 15% of its valuation. AI Powerhouse suffered its worst single-day loss since March 18, 2020.

The Nasdaq 100 fell 3%, its steepest drop since Dec. 18, when the Eagles chair commented Jerome Powell The rattling market. this isshares Semiconductor ETF Soxx It’s also on track for its worst session since the pandemic-driven March 2020 drop of more than 7%.

Chipmakers beaten Broadcom Inc. avgo and Marvell Technology Inc. MRVL Both collapsed 17.5%, while micron technology corp. mu Sunk 11%.

As panic spreads, investors seek refuge in refuge assets. Treasury earnings fell, with the 10-year yield falling 7 basis points to a one-month low. this U.S. Treasury Notes ETF 10 Years Uten up 0.7%.

Technological turmoil is even flowing to crypto markets, dragging down Bitcoin BTC/USD $99,000 returned. The world’s largest cryptocurrency lost $110 billion in market capitalization in a matter of hours as risk-on sentiment persisted.

Monday’s performance on major U.S. indexes

According to Benzinga Pro data:

• this SPDR S&P 500 ETF Trust spy It fell 1.9% to $596.73.
• this SPDR Dow Jones Industrial Average diameter in. up 0.2% to $445.05.
• high tech Invesco QQQ Trust Series QQQ It fell 3.4% to $511.88.
• this Ishares Russell 2000 ETF IWM down 1% to $226.47.
• this Consumer Choice Sector SPDR Fund XLP outperformed 2.2%; this Technology Select Sector SPDR Fund XLE fell, down 5.3%.

Monday’s stock moves

• AT&T Inc. t Revenue surged 6.5% versus estimates.
• Sofi Technologies Inc. sofa That came as dismal guidance fell 12%, darkening quarterly results than expected.
• Crypto-related stocks such as MicroStrategy Inc. Mstr and Coinbase Global Inc. coin fell 7.8% and 9.6% respectively.
• apple inc. AAPL It rallied 3%, defying a broader technical sell-off.

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