China causes a tremor on the stock market: Nvidia & Co.: Tech giants crash - Dax plummets

EXPRESS China causes a tremor on the stock market: Nvidia & Co.: Tech giants crash - Dax plummets 4 hours • 1 minute reading time Nvidia, Microsoft & Co.: The US tech giants are coming under pressure. Stock market traders pointed to the looming, strong losses of the highly valued technology stocks in the USA as a burden factor. The background is the debate about the free Chinese AI start-up DeepSeek, which could compete with the established companies in the field of artificial intelligence. The stock market reacted nervously. DeepSeek causes AI storm - tech stocks under pressure Reports about the cost efficiency and performance of DeepSeek raise doubts about the high AI investments in the USA. The result: shares from the chip industry plummeted massively, Nvidia shares alone temporarily fell by almost ten percent in pre-market trading on the NASDAQ, Microsoft by almost 4.5 percent. The tech stocks are also weighing on the DAX: On Friday morning, the leading index reached another high of 21,520 points. After a good 8 percent increase in the still young year, the stock market barometer then lost ground. In the second German stock market series, the MDax of medium-sized stocks fell by 0.73 percent to 25,919.12 points on Monday. The EuroStoxx 50 lost 1.1 percent. (dpa/mg)