The U.S. market has lost $1 trillion dollars. Nasdaq futures are down more than 200 points, with markets reacting to the emergence of Chinese artificial intelligence startup DeepSeek, which is more efficient than the US.

“Chinese artificial intelligence startup DeepSeek shook technology stock indexes on Monday, casting doubt on America’s tech leadership,” Bloomberg writes

The new version of the chatbot “caused a stir” over the weekend because it runs on chips with less power than its competitors.

As the agency explains, this raises the question of whether companies like Nvidia Co-op, which develops advanced chips, are overvalued.

In Monday trading in Japan, Advantest Coro, a collaborator of this chip maker, was losing 8.2% of its share value.
SoftBank Group (minus 5.4%) and data center cable maker Fujikura Ltd (minus 8%), which is actively investing in the technology business, also recorded significant losses. On the contrary, the shares of companies cooperating with DeepSeek are on the rise.