China's DeepSeek derails Nasdaq, Nvidia, AI darlings

America’s AI race among U.S. tech titans got suckered after Chinese AI app DeepSeek crashed onto the scene, sending investors into reverse.   The tech-heavy Nasdaq Composite nearly erased its gains for the year, falling 3% on Monday. Ticker Security Last Change Change % I:COMP NASDAQ COMPOSITE INDEX 19341.833835 -612.47 -3.07% SP500 S&P 500 6012.28 -88.96 -1.46% DeepSeek’s model appears able to match the capability of chatbots like OpenAI's ChatGPT and Meta’s Llama but at a fraction of the development c ...